Will Rising Stars Circle, CoreWeave Perform Like Past IPO Winners Reddit, Astera Labs?

The world of initial public offerings (IPOs) has seen several standout performers over the past year. CoreWeave, Inc. (NASDAQ:CRWV) saw a massive rally following its late March debut and Circle Internet Group, Inc. (NYSE:CRCL) burst onto the scene last week with its successful IPO. 

But will they continue the upward trend and achieve sustained growth like Reddit, Inc. (NYSE:RDDT) and Astera Labs, Inc. (NASDAQ:ALAB) following their 2024 IPOs? 

CRCL: Circle's IPO was priced at $31 and shares rocketed to $88 by the end of the first trading day. The stock climbed to over $107 the following day and marked a two-day surge of nearly 250%, setting a new record for IPOs raising $500 million or more since 1980, according to Fortune. 

Circle shares closed at $105.91 on Tuesday, with the newly ...