TLDR Founders · HEADLINES & TRENDS

THE IPO DOOR IS SWINGING OPEN

tomtunguz.com2 min read

Summary from the TLDR Founders newsletter

The IPO market just cracked open with two unlikely heroes: a GPU infrastructure company and a stablecoin issuer. CoreWeave went public in March and shot up 300% on $1 billion quarterly revenue, while Circle jumped 168% on its first trading day to an $18 billion market cap.