#CircleIPO Circle, the company behind the USDC stablecoin, is set to go public on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. Here's what's happening with the Circle IPO¹:

- *IPO Details:*

- *Number of Shares:* 32 million Class A shares, up from an earlier plan of 24 million.

- *Price Range:* $27-$28 per share, revised upward from $24-$26.

- *Valuation:* Implied market capitalization of $6.06 billion at the midpoint ($27.50) and $7.2 billion if priced at $28.

- *Investor Interest:* Strong demand is expected, with Cathie Wood's ARK Invest planning to buy up to $150 million worth of shares.

- *Trading:* Circle's shares are expected to begin trading on the NYSE on June 5, 2025, after finalizing pricing on June 4.

- *Lead Bookrunners:* JPMorgan Chase, Citigroup, and Goldman Sachs are leading the IPO.

Interestingly, some traders got confused and bought shares of Corcel PLC (also with the ticker CRCL.L on the London Stock Exchange), causing its stock to spike 16,689% over five days. However, this was just a mistaken identity, and Corcel is a thinly traded small-cap mining stock.