Circle, the company behind the USDC stablecoin, went public by launching an IPO (Initial Public Offering), raising $1.1 billion by selling shares at $31 each.
This means Circle is now listed on the New York Stock Exchange under the ticker $CRCL.
The monezy raised will help Circle grow USDC, which is used in billions of crypto transactions worldwide.
Circle’s IPO shows big investor confidence in crypto and could open the door for more blockchain companies to go public soon! 🔥
🚀 Circle IPO Hits $1.1 Billion! 🚀
Circle, the company behind the popular stablecoin USDC, just launched its IPO and raised a whopping $1.1 billion! 💰
They priced their shares at $31 each, higher than expected, showing huge demand from investors. Circle is now valued around $6.8 billion, possibly hitting $8 billion with extra options. 📈
Trading under ticker $CRCL on the New York Stock Exchange, this is a big deal for crypto’s move into mainstream finance. Big names like J.P. Morgan and Goldman Sachs backed the IPO, and firms like Ark Invest are investing heavily. 💼
Circle plans to use the funds to grow USDC, which supports over $25 trillion in crypto transactions worldwide and has $61 billion circulating. 🌍
This IPO signals strong confidence in crypto’s future and could open doors for more blockchain companies to go public soon! 🔥