#CircleIPO #CircleIPO Company **Circle**, the issuer of the stablecoin **USDC**, launched its shares for public subscription on the **New York Stock Exchange** under the symbol **CRCL**, raising **$1.05 billion** after selling **34 million shares** at a price of **$31** per share. The company's value reached **$6.9 billion** according to the listed shares, and **$8.1 billion** on a fully diluted basis.

The subscription witnessed strong interest from investors, with demand exceeding supply **by 25 times**, reflecting the increasing confidence in companies associated with digital currencies. **Circle** plans to use the proceeds for **product development** and expansion into new markets, without distributing dividends to shareholders.

This offering is a significant step towards integrating stablecoins into traditional financial markets, especially with major institutions showing interest in acquiring a substantial stake in the offering.