#Crypto World
Crypto’s First Major IPO of 2025 - Circle Oversubscribed by 25X With Its Stock Hitting a High of $299 a +864.5% Increase From Its IPO Price
While not the first Circle’s NYSE IPO set off significant excitement among crypto companies seeking to IPO in the US.
Circle’s NYSE IPO on June 5-2025 set off significant excitement on crypto companies seeking to IPO in the US
While there were initial worries over its valuation (with many claiming it to be overvalued) the IPO was a major success being oversubscribed by >25x
The price action of CRCL post-IPO was extremely volatile with the stock closing its first day at $83.23 despite being priced at $31 per share at IPO. It then more than tripled in the following days, reaching an all-time high of $298.99 on June 23. This represents an +864.5% increase from its IPO price
Circle’s tremendous IPO success have raised expectations for other companies rumored to IPO including KrakenvGemini and Grayscale