#CircleIPO

Circle Internet Group (CRCL), the company issuing the USDC stablecoin, launched its IPO on June 5, 2025, on the New York Stock Exchange (NYSE). The IPO price was set at $31 per share, higher than the previously expected $27 to $28, with the company raising $1.05 billion by selling 34 million shares. On the first day, the stock surged by 168%, reaching $83.23 at close and peaking at $103.75 before stabilizing around $80 to $83. On June 6, the stock rose further to $93.50 before the market closed, marking a 200% increase from the IPO price.

This IPO is a major milestone for the stablecoin industry, showing that Wall Street is taking such digital currencies seriously. Investors like BlackRock expressed interest in buying 10% of the IPO shares, and Cathie Wood’s ARK Investment Management indicated plans to purchase up to $150 million in shares. However, a report noted that Circle left $1.72 billion on the table due to the low IPO pricing compared to the first-day performance, making it the seventh-largest underpricing in IPO history since 1980.

Experts say this success could encourage other crypto companies to go public, especially with Trump’s recent support for the crypto industry. Additionally, this IPO highlights the growing acceptance of stablecoins like USDC as a reliable payment method globally. #Circle IPO