Circle Internet Financial, known for issuing the stablecoin USDC, has successfully launched its initial public offering (IPO) in the United States, raising $1.05 billion through the sale of 34 million shares at a price of $31 per share.

Key details of the offering:

Ticker symbol: CRCL

Listing venue: New York Stock Exchange (NYSE)

Listing date: June 5, 2025

Company valuation: Approximately $6.8 billion, potentially reaching $8 billion when accounting for additional securities.

Significance of the offering:

This IPO represents one of the largest public offerings in 2025 and reflects the growing interest of investors in cryptocurrency-related companies, particularly those focused on the infrastructure of stablecoins like USDC.

Background on Circle:

Founded: 2013

Key products: USDC (stablecoin pegged to the US dollar) and EURC (stablecoin pegged to the euro)

Key partners: Coinbase, BlackRock, Fidelity

Financial performance: The company reported earnings of approximately $64.8 million in the first quarter of 2025 from revenues of $578.6 million.

Future outlook:

With positive regulatory changes in the United States, including support from President Donald Trump and proposed regulations like the GENIUS Act, Circle expects to expand its services to include areas such as payment services, which could enhance its market position.

Would you like to know more?