#CircleIPO
๐ #CircleIPO: A Historic Leap for Crypto! ๐ผ๐
On June 5, 2025, Circle Internet Group Inc., the powerhouse behind USDC ๐ต, made its much-anticipated debut on the NYSE under the ticker $CRCL ๐๏ธโจ
๐น IPO Price: $31/share โ above expectations! ๐ฐ
๐น Capital Raised: ~$1.05B from 34M shares ๐ต๐
๐น Valuation: ~$6.8B to $6.9B (Fully diluted: ~$8.1B) ๐งฎ
๐น Day 1 Surge: ๐ CRCL skyrocketed 167-168%, briefly touching $96+ โ a massive vote of confidence from Wall Street! ๐งจ๐๐
๐ Why it matters:
Circleโs IPO marks a monumental milestone for crypto infrastructure, signaling deep mainstream acceptance of stablecoins and the digital finance space ๐โ
๐ธ Circle earns primarily from interest on USDC reserves, held in cash and U.S. Treasuries ๐ฆ๐
๐๏ธ With stablecoin regulation in the spotlight, Circleโs listing is seen as the biggest crypto IPO since Coinbase (2021) โ and a sign of things to come! ๐ฎ
