#CircleIPO

Circle's IPO priced at $31 per share, raising $1.05 billion and valuing the company at $8 billion. The company, issuer of USDC stablecoin, sold 34 million shares on the NYSE under the ticker symbol CRCL. Lead underwriters included J.P. Morgan, Citigroup, and Goldman Sachs. Circle's valuation reflects strong investor interest, with IPO demand exceeding available shares by 25 times. As the second-largest stablecoin issuer, Circle's move into public markets marks a significant milestone in the crypto industry's integration with traditional finance. USDC has a market capitalization of over $61 billion. Circle's IPO is a notable event in crypto.