#CircleIPO 🚀 #CircleIPO: A Landmark Moment for Crypto Finance! 💼📈
Circle Internet Group, the company behind the USDC stablecoin 💵, made waves with its NYSE debut under the ticker $CRCL on June 5, 2025 🏛️✨. Priced at $31/share, investor demand pushed it to open at $69 and close at $83.23, marking a massive 168% surge on Day 1 📈🔥.
🔹 Funds Raised: ~$1.1 billion via 34M shares 💰
🔹 Market Cap: Soared past $18 billion, making it one of the largest crypto-related IPOs since Coinbase’s debut in 2021 🚀
💡 USDC Highlights:
Circle’s flagship product, USDC, is the second-largest stablecoin with $60B in circulation, powering $25T+ in transactions since 2018 🌍💸
📊 Q1 2025 Financials:
✅ Revenue: $578.57M
✅ Net Income: $64.79M 💵
This IPO showcases growing mainstream trust in crypto infrastructure, especially stablecoins, and sets the stage for future innovation in digital finance 🌐📊