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 are the key details about the Circle IPO ¹ ² ³:

- *IPO Price*: The final IPO price is $31 per share, which is above the initial expected price range of $24 to $26.

- *Number of Shares*: Circle is offering 34.3 million Class A common shares, consisting of 15.1 million new shares and 19.2 million shares sold by existing stockholders.

- *Valuation*: The IPO valuation is approximately $7.1 billion, with the company aiming to raise over $1 billion.

- *IPO Date*: The Circle IPO started trading on June 5, 2025.

- *Lead Underwriters*: JPMorgan, Citigroup, and Goldman Sachs are leading the IPO as bookrunners.

- *Institutional Interest*: The IPO was 25 times oversubscribed, indicating strong institutional demand. Cathie Wood's ARK Investment Management has shown non-binding interest in purchasing up to $150 million worth of shares.

Circle's IPO is significant for the fintech and crypto industries, as it could pave the way for other digital asset companies to go public. The company's success in the stablecoin market, with USDC's circulating supply of around $61.4 billion, positions it as a major player in the financial technology sector ².