#CircleIPO

On June 5, 2025, Circle Internet Group, the issuer of the USDC stablecoin, successfully launched its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol "CRCL." The company raised approximately $1.1 billion by selling 34 million shares at $31 each, surpassing its initial fundraising target of $896 million. This pricing valued Circle at around $6.9 billion, with a fully diluted valuation nearing $8 billion .

The IPO's success reflects strong investor interest in crypto infrastructure firms, particularly those offering stablecoin services. Circle's USDC, pegged to the U.S. dollar, is the second-largest stablecoin by market capitalization, trailing only Tether's USDT. The company's profitability, bolstered by interest income from reserves, positions it well for future growth and diversification into payment services .

Circle's public debut marks a significant milestone for the crypto industry, signaling increased institutional acceptance and potentially paving the way for more crypto-focused companies to enter public markets.