#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, has successfully launched its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol CRCL. The company priced its shares at $31 each, surpassing the anticipated range of $27–$28, and raised approximately $1.1 billion through the sale of 34 million shares. This pricing gives Circle a valuation of around $6.9 billion, potentially rising to nearly $8 billion when accounting for additional financial instruments.

The IPO was significantly oversubscribed, reflecting robust investor interest in crypto infrastructure firms transitioning into traditional finance markets. It also marks one of the most significant crypto listings since Coinbase's 2021 debut.

Circle's USDC, pegged to the U.S. dollar, is the second-largest stablecoin by market capitalization, trailing only Tether's USDT. The company also issues the euro-pegged EURC stablecoin.

This move comes amid a shift in U.S. crypto regulatory outlook under President Donald Trump, promising a friendlier environment for crypto firms. A successful IPO for Circle could pave the way for more crypto-focused public offerings.

The IPO was underwritten by prominent financial institutions including J.P. Morgan, Citigroup, and Goldman Sachs. Shares of Circle are now trading on the NYSE under the symbol CRCL.