"Circle Debuts on the Stock Market Successfully"
On June 5, 2025, Circle Internet Group, the issuer of the USDC stablecoin, conducted its initial public offering (IPO) on the New York Stock Exchange under the symbol "CRCL". The shares were offered at $31 and closed the day at $83.23, representing a 168% increase and a valuation of approximately $19 billion.
The IPO was led by JPMorgan, Goldman Sachs, and Citigroup, raising around $1.1 billion through the sale of 34 million shares. This success reflects the growing interest from investors in cryptocurrency companies and stablecoins like USDC, which has facilitated over $25 trillion in transactions since its launch.
Circle plans to use the funds to expand its operations and strengthen its position in the digital finance market. The company also benefits from a favorable regulatory environment in the U.S., which could further boost its growth.
