#CircleIPO Circle's IPO has been making headlines recently. Here's what's happening ¹ ²:

- *IPO Details*: Circle has launched its initial public offering on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL". The company plans to offer 24 million shares of Class A common stock, with 9.6 million shares issued directly by Circle and 14.4 million shares sold by existing shareholders.

- *Pricing*: The initial public offering price is expected to be between $24 and $26 per share. However, due to high demand, the price has been increased to $31 per share, with the company aiming to raise over $1 billion.

- *Valuation*: Circle's valuation has been estimated to be around $6.7 billion initially, but with the increased demand and pricing, the company is now valued at approximately $8.06 billion.

- *Investor Interest*: Major investment banks like J.P. Morgan, Citigroup, and Goldman Sachs are leading the underwriting process. ARK Investment Management, led by Cathie Wood, has shown non-binding interest in purchasing up to $150 million worth of shares.

- *Use of Funds*: Circle generates revenue primarily through interest earned on the reserves backing its USDC stablecoin. The company plans to use the funds raised from the IPO to further develop its business and expand its use cases for USDC.

- *Timeline*: The Circle IPO was scheduled to go live between mid-November and early December 2025. However, it has already been launched, and the company has started trading on the NYSE.

Circle's IPO marks a significant milestone for the company and the broader crypto industry, demonstrating growing mainstream adoption and acceptance of digital assets.