#CircleIPO

Circle Internet Group, the issuer of the USDC stablecoin, made a significant debut on the New York Stock Exchange under the ticker symbol CRCL. The company raised approximately $1.1 billion by selling 34 million shares at $31 each, achieving a valuation of around $7 billion .

Founded in 2013, Circle is the second-largest stablecoin issuer after Tether. Its USDC stablecoin, pegged 1:1 to the U.S. dollar, has facilitated over $25 trillion in transactions since its inception and has a market capitalization exceeding $61 billion . The company's revenue has seen significant growth, with a reported $578.57 million in Q1 2025, up from the previous year.

The IPO was underwritten by prominent financial institutions, including J.P. Morgan, Citigroup, and Goldman Sachs . Circle's successful listing reflects growing investor confidence in cryptocurrency-related firms transitioning into traditional finance markets.

Shares opened at $69.50, nearly doubling their initial price, and later traded at $92.68, valuing the company at approximately $18 billion . This strong market performance signals renewed momentum in the fintech IPO space.

Circle's IPO represents a significant step in the integration of cryptocurrency infrastructure into traditional financial markets, highlighting the increasing mainstream acceptance of digital assets.