#CircleIPO 🚀 Circle's IPO Soars: A Milestone for USDC and Crypto
Circle, the issuer of the USDC stablecoin, has significantly expanded its initial public offering (IPO) plans. Initially set to offer 24 million shares priced between $24 and $26, the company now aims to sell 32 million Class A common shares at $27 to $28 each. This adjustment reflects strong investor demand and a favorable regulatory environment for the crypto sector.
With this move, Circle targets a market valuation of $7.2 billion, up from an earlier estimate of $5 billion. The company plans to raise up to $896 million, marking a significant step in its growth strategy.
The IPO's success underscores growing investor confidence in digital currencies, especially as Bitcoin trades above $110,000 and cryptocurrency gains legitimacy. Circle's USDC stablecoin, pegged 1:1 to the U.S. dollar, has supported over $25 trillion in transactions and had $61 billion in circulation by May 2025. The company's revenue surged from $15 million in 2020 to $1.7 billion in 2024, primarily from interest on reserves, including U.S. Treasury bonds and cash equivalents.
This IPO is one of the largest for a crypto-related company since Coinbase's debut in 2021 and comes amid increasing competition and pending U.S. legislation focused on regulating stablecoin issuers. Circle emphasizes its mission to enhance global economic prosperity through seamless value exchanges.
