#CircleIPO Circle Internet Group Inc., the issuer of the USD Coin (USDC) stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) on June 5, 2025, under the ticker symbol CRCL. The company's shares surged by 168% from the IPO price of $31, closing at $83.23, and reaching an intraday high of $103.75. This performance marks one of the most successful public offerings for a crypto-related company since Coinbase's 2021 IPO .

๐Ÿ“Š IPO Highlights

Shares Offered: 34 million

Initial Offering Price: $31 per share

Funds Raised: Approximately $1.1 billion

Market Capitalization: Approximately $18.9 billion based on outstanding shares; fully diluted valuation around $22.5 billion

Major financial institutions such as J.P. Morgan, Citigroup, and Goldman Sachs acted as underwriters for the IPO .

๐Ÿ’ธ About Circle and USDC

Founded in 2013 by Jeremy Allaire and Sean Neville, Circle is a peer-to-peer payments technology company headquartered in New York City. It manages USDC, the second-largest stablecoin by market capitalization, with approximately $60 billion in circulation across 4.9 million wallets. Since its launch in 2018, USDC has facilitated over $25 trillion in on-chain transactions .

๐Ÿ“ˆ Financial Performance

Circle's revenue has experienced significant growth, from $15 million in 2020 to $1.7 billion in 2024. In the first quarter of 2025 alone, the company reported a net income of $64.79 million on $578.57 million in revenue .

๐Ÿ›๏ธ Regulatory Landscape

The IPO coincides with increasing regulatory attention on stablecoins in the United States. Legislative efforts, such as the CLARITY Act, aim to define the regulatory responsibilities of the SEC and CFTC over cryptocurrency. Circle's successful public debut may influence the trajectory of such regulations .

๐Ÿ”ฎ Looking Ahead

Circle