Circle Goes Public on NYSE, Raises $6.2B with CRCL Debut 💼📈
🚨 IPO Alert:
Circle, the issuer of USDC, has officially gone public on the New York Stock Exchange (NYSE) under the ticker CRCL, opening at $31 per share — well above its projected range of $24–$26. The company sold around 34 million shares, reaching a $1.1 billion valuation, with Bloomberg reporting a total raise of $6.2 billion.
This marks the second crypto-related IPO under the Trump administration, following eToro's listing last month. Investor demand soared to more than 10x expectations, signaling growing confidence in regulated crypto infrastructure.
💡 Why It Matters:
Circle is the powerhouse behind USDC, a key stablecoin in DeFi protocols and crypto trading pairs. Its first IPO attempt via SPAC in 2021 fell through, but this direct listing lands amid renewed legislative attention toward stablecoin regulation.
Senator Bill Hagerty emphasized the urgency of passing a stablecoin bill to ensure U.S. competitiveness and consumer protection.
🏛️ Going Public = Legitimacy Boost:
As a publicly listed company, Circle now gains greater access to capital and enhanced credibility with both regulators and institutional investors.
> The IPO isn’t just a win for Circle — it’s a major milestone for the broader crypto industry’s path to mainstream legitimacy.