🔸 #Circle IPO to Gauge Crypto Stock Demand

Circle Internet Group, issuer of the $USDC stablecoin, is set to go public on the #NYSE under ticker CRCL, pricing its IPO between $27–$28 per share. At the high end, it could raise $880M and hit a $6.2B–$7.2B valuation.

🔸 Circle increased its offering from 24M to 32M shares amid rising investor demand, riding a wave of renewed crypto market enthusiasm.

🔸 Backed by #coinbase and profitable due to interest on reserves, Circle now aims to diversify into payments as stablecoins gain traction.

🔸 USDC lags behind rival USDT ($61.5B vs $153.8B market cap), but upcoming U.S. regulation (GENIUS Act) could boost Circle’s position vs Tether, now based in El Salvador.

🔸 With crypto stocks like Coinbase and Robinhood surging, Circle’s IPO is seen as a litmus test for broader crypto equity appetite. A strong debut could pave the way for more crypto IPOs