#CircleIPO Circle Internet Group, Inc. has launched its initial public offering (IPO) of 24 million Class A shares, priced between $24 and $26 per share. Here's what you need to know:

*IPO Details*

- *Ticker Symbol:* CRCL

- *Stock Exchange:* New York Stock Exchange (NYSE)

- *Number of Shares:* 24 million Class A shares

- 9.6 million shares will be issued directly by Circle

- 14.4 million shares will be sold by existing stockholders

- *Price Range:* $24 to $26 per share

- *Underwriters:* J.P. Morgan, Citigroup, and Goldman Sachs are joint lead active bookrunners

*About Circle*

Circle is a global financial technology firm specializing in digital currencies and public blockchains. They issue USDC and EURC stablecoins and provide financial services for enterprises and developers. Circle's USDC stablecoin has a circulating supply of around $61.4 billion and is used for payments, lending, remittances, and decentralized finance (DeFi).

*Investment Highlights*

- Circle has built a reputation for reliability and regulatory compliance in the stablecoin market.

- The company generates revenue primarily through interest earned on USDC reserve assets.

- Circle has partnerships with financial institutions and offers tools for international payments.

- ARK Investment Management, led by Cathie Wood, has shown non-binding interest in purchasing up to $150 million worth of shares.[¹](https://www.tradingcalendar.com/post/usdc-circle-ipo) [²](https://www.circle.com/pressroom/circle-launches-initial-public-offering)