💥Circle Internet Group – the company behind the stablecoin USDC – has successfully raised 1.05 billion USD in its initial public offering (IPO) in the US. The company and its shareholders sold a total of 34 million shares at a price of 31 USD per share, bringing Circle's valuation to nearly 8 billion USD.
Circle's shares are listed on the New York Stock Exchange (NYSE) under the ticker "CRCL".
This is one of the largest IPOs in the cryptocurrency sector, marking a new turning point for crypto companies looking to access traditional financial markets.
Circle is currently one of the leading names in the global stablecoin ecosystem.
