The much-anticipated #CircleIPO is officially here! The stablecoin giant, issuer of USDC, made its debut on the New York Stock Exchange today under the ticker "CRCL." This marks a significant milestone for the crypto and fintech sectors, indicating a growing acceptance of digital assets in traditional finance.
Circle priced its initial public offering at $31 per share, exceeding earlier expectations of $27-$28. This strong demand led to an upsized offering, raising approximately $1.1 billion through the sale of 34 million shares and valuing the company at around $6.9 billion, with a fully diluted valuation approaching $8 billion.
The IPO comes amid a more favorable regulatory environment for crypto in the U.S. and highlights Circle's impressive growth, with revenue soaring from $15 million in 2020 to $1.7 billion in 2024. As stablecoins continue to gain traction, Circle's public listing positions it as a key player in bridging the gap between traditional finance and the evolving digital economy.
