#CircleIPO

Circle Makes Historic NYSE Debut, Surging Over 160% on First Day

Circle Internet Financial, the issuer of the USDC stablecoin, made a remarkable entrance onto the New York Stock Exchange (NYSE) under the ticker symbol "CRCL." The company's initial public offering (IPO) priced 34 million shares at $31 each, surpassing the anticipated range of $27 to $28 per share. Investor enthusiasm propelled the stock to close at $83.23, marking a 168% increase and valuing the company at over $19 billion.

This IPO is one of the most significant for a crypto-related company since Coinbase's 2021 debut. $USDC , Circle's flagship product, is the second-largest stablecoin by market capitalization, with approximately $61.5 billion in circulation. Since its launch in 2018, $USDC has facilitated over $25 trillion in on-chain transactions.

Circle's revenue has experienced substantial growth, from $15 million in 2020 to $1.7 billion in 2024, primarily from interest on reserves backing $USDC . The company's successful IPO reflects strong investor confidence in the expanding role of stablecoins in the global financial system.

With its public listing, Circle aims to further its mission of enhancing global economic prosperity through seamless value exchange, solidifying its position as a leader in the evolving stablecoin market.