#CircleIPO

Circle Internet has officially gone public with its IPO, raising $1.05 billion and starting trading today on the New York Stock Exchange under the ticker CRCL 📈. The offering price was set at $31 per share, valuing the company at $6.9 billion (or $8.1 billion on a fully diluted basis) 💰🔥.

The IPO was oversubscribed by 25 times, showing massive investor interest. Some of the key investors include ARK Invest, which plans to buy up to $150 million worth of shares 🏦, and BlackRock, securing about 10% of the IPO allocation 🌍.

Circle is best known as the issuer of USDC, the world's second-largest stablecoin, with over $61 billion in circulation** 💵. It also issues EURC, a euro-backed stablecoin, and provides digital payment infrastructure 💻⚡.

$USDC