Circle Internet Group, the issuer of the USDC stablecoin, debuted today on the New York Stock Exchange (NYSE) under the symbol “CRCL”, marking a significant milestone for the crypto industry.

📈 Details of Circle's IPO

Initial price: $31 per share.

Demand: The initial public offering was oversubscribed more than 25 times, reflecting strong interest from investors.

Funds raised: Circle raised approximately $1.1 billion through the sale of 34 million shares, exceeding its initial target of $896 million.

Initial valuation: At the time of the IPO, the company reached a valuation of around $6.9 billion.

First-day close: The shares closed at $83.23, representing a 168% increase from the initial price.