#CircleIPO
๐ The #CircleIPO is a major development in the crypto space for June 2025! ๐ Circle Internet Group, the company behind the USDC stablecoin ๐ต, is reportedly pushing forward with its Initial Public Offering this week.
๐ Sources indicate Circle aims to list on the New York Stock Exchange (NYSE) ๐๏ธ under the ticker symbol CRCL, possibly as early as Thursday, June 5th. The company is seeking to raise approximately $896 million, targeting a valuation of up to $7.2 billion ๐ฐ.
This move signals strong investor appetite ๐, with notable firms like ARK Investment Management and BlackRock reportedly showing interest ๐ง.
๐ This IPO follows a previously terminated SPAC deal and comes as the digital asset sector sees growing mainstream financial engagement ๐โก๏ธ๐. Circle's public debut will be closely watched ๐, potentially paving the way for other crypto-related firms and highlighting the industry's increasing maturation ๐งฑ.
๐ As of early June 2025, USDC issuer Circle Internet Group is actively pursuing its Initial Public Offering (IPO).
๐ฐ Recent reports, particularly from June 2nd and 3rd, indicate significant momentum โก. Circle has reportedly upsized its offering, now aiming for a valuation of up to $7.2 billion and seeking to raise between $880 million and $896 million ๐ธ.
๐ฆ This involves offering 32 million Class A shares at a price range of $27โ$28 eachโan increase from the previously stated 24 million shares at $24โ$26 ๐ผ.
๐ The company plans to list on the NYSE under the ticker symbol CRCL. Sources suggest the IPO could price and begin trading as early as this week, with some specifically mentioning Thursday, June 5th, 2025 ๐๏ธ.
๐ผ Strong investor interest is noted, with ARK Investment Management reportedly indicating a desire to purchase up to $150 million in shares, and BlackRock also purportedly planning to invest. ๐ฆ
Major banks like J.P. Morgan, Citigroup, and Goldman Sachs are leading the deal ๐ค.