#CircleIPO
Circle, the company behind the USDC stablecoin, made a strong debut on the New York Stock Exchange on June 5, 2025, trading under the symbol “CRCL.” The IPO was priced at $31 per share and raised approximately $1.1 billion through the sale of 34 million shares.
On its first day of trading, Circle’s stock surged dramatically, climbing over 200% to reach a high of $103.75 before settling around $92.50. This performance pushed the company’s market valuation to over $20 billion.
The IPO was highly anticipated and heavily oversubscribed, showing strong investor confidence in Circle’s leadership in the stablecoin market. Circle issues USDC, the second-largest stablecoin by market cap, with more than $61 billion in circulation. It also offers EURC, a euro-backed stablecoin, and is expanding into payment services using blockchain-based stablecoin infrastructure.
This public offering comes at a time when the U.S. regulatory landscape for crypto is becoming more defined, and Circle sees this as an opportunity to lead with transparency. CEO Jeremy Allaire emphasized that the move to go public is part of the company’s long-term vision to reshape global finance using open internet technologies.
