#CircleIPO Circle's IPO has officially priced at $31 per share, exceeding initial expectations. Here are the key details ¹ ²:

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

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

- *Valuation*: Approximately $7.1 billion to $8 billion, indicating strong investor confidence.

- *Trading Details*: Circle's stock will trade on the New York Stock Exchange (NYSE) under the ticker symbol CRCL, starting June 5, 2025.

- *Revenue and Net Income*: Circle reported $1.68 billion in revenue and reserve income in 2024, with a net income of approximately $156 million.

- *Investor Interest*: The IPO was 25 times oversubscribed, with notable interest from Cathie Wood's ARK Investment Management, which showed non-binding interest in purchasing up to $150 million worth of shares.

- *Use of Proceeds*: Circle will use the proceeds from the IPO to fund its operations, while existing stockholders will receive the proceeds from their share sales.

Circle's successful IPO reflects growing institutional comfort with cryptocurrency investments, particularly those backed by stable regulatory frameworks and established market positions ³.