The IPO was priced well above its initial $24–$26 range and even its revised $27–$28. Based on Circle’s 2 P.M. stock price of $86, Forbes figures Allaire has a net worth of at least $1.7 ...

The latter was launched by Hashnote, a Miami-based firm Circle acquired in January, and offers a yield of 3.8%, backed by short-duration U.S. Treasury bills and repo/reverse repo activities.