Circle’s IPO has smashed expectations, pricing at $31 per share, above the marketed range, valuing the company at $6.9 billion, with a fully diluted value of $8.1 billion. The offering was oversubscribed 25 times, reflecting intense investor demand. Circle will trade on the NYSE under “CRCL.” Major players like ARK Invest and BlackRock are keen on shares. Circle’s USDC stablecoin, with a $60.9 billion market cap, holds 27% of the stablecoin market. The U.S. Senate’s advancement of the GENIUS Act signals a supportive regulatory landscape. Strong demand may thwart Ripple’s acquisition bid, empowering Circle to pursue independent growth, acquisitions, and global expansion.
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Circle’s IPO has soared past expectations, pricing at $31 per share, above the anticipated range, giving the company a $6.9 billion valuation and $8.1 billion fully diluted value. Oversubscribed 25 times, investor enthusiasm is clear as Circle prepares to list on the NYSE under “CRCL.” Heavyweights like ARK Invest and BlackRock are eyeing shares. Circle’s USDC, with a $60.9 billion market cap, commands 27% of the stablecoin market. The U.S. Senate’s progress on the GENIUS Act bolsters Circle’s regulatory outlook. This IPO success strengthens Circle’s position, potentially derailing Ripple’s acquisition plans, while funding fuels acquisitions, global expansion, and innovation.