Circle Internet Group, issuer of USDC, successfully launched its IPO on the NYSE on June 5, 2025, trading as "CRCL." Shares priced at $31, exceeding initial expectations. The company offered 34 million shares (14.8 million new, 19.2 million from existing shareholders), raising approximately $1.1 billion. This values Circle at roughly $6.9 billion ($8 billion fully diluted). As a major stablecoin provider going public, this IPO is a landmark event for crypto and fintech. Circle's primary revenue comes from interest on USDC reserves. The strong pricing and significant raise highlight substantial investor confidence in stablecoins and Circle's future.
