#CircleIPO Circle Internet Group, the issuer of USDC stablecoin, launched its IPO on June 5, 2025, under the ticker "CRCL" on the NYSE. The company priced 34 million shares at $31 each, surpassing the initial range of $24–$26, raising approximately $1.05 billion. This pricing gives Circle a market capitalization of about $6.8 billion, potentially rising to nearly $8 billion when accounting for options and additional instruments. The IPO was significantly oversubscribed, indicating strong investor demand. Circle's revenue model benefits from interest income on reserves backing USDC, which has a market cap exceeding $61 billion. The company's strong financial performance and the growing legitimacy of the crypto market have contributed to the success of its IPO.