#CircleIPO Circle Internet Group, the company behind the USDC stablecoin, has successfully launched its initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL". Here are the key details.

- *IPO Price*: $31 per share, exceeding the initial price range of $24-$26 and the revised range of $27-$28.

- *Number of Shares*: 34 million shares were sold, including 15.1 million new shares and 19.2 million shares from existing stockholders.

- *Valuation*: Approximately $8.06 billion, considering outstanding shares, stock options, and warrants.

- *Proceeds*: Circle raised $1.05 billion, with $468 million coming from the sale of new shares.

- *Underwriters*: J.P. Morgan, Citigroup, and Goldman Sachs acted as lead underwriters, with 12 other investment banks participating in the offering.

Circle's IPO has been well-received, with the company aiming to strengthen its position in the fintech sector and expand its stablecoin network. The proceeds will support Circle's growth strategy and enhance its transparency and regulatory compliance as a publicly listed company .