#CircleIPO Circle Internet Group, the company behind the USDC stablecoin, has launched its initial public offering (IPO) on May 27, 2025, aiming to raise up to $624 million. Here's what you need to know¹ ²:

- *IPO Details:*

- *Ticker Symbol:* CRCL on the New York Stock Exchange (NYSE)

- *Number of Shares:* 24 million Class A shares, with 9.6 million new shares issued by Circle and 14.4 million shares sold by existing stockholders

- *Price Range:* $24 to $26 per share

- *Use of Proceeds:* Circle will only receive proceeds from the new shares issued, while existing stockholders will pocket the money from their sold shares

- *Valuation:* Circle is targeting a valuation of $6.7 billion through this IPO

- *Timeline:* The IPO could go live between mid-November and early December 2025 or next year, depending on the SEC review process

- *Major Investors:* ARK Invest is considering buying up to $150 million worth of stock

- *Why IPO?:* Circle aims to demonstrate accountability and trustworthiness by becoming a publicly listed company, especially in a sector often criticized for lack of regulation

Circle's IPO marks a significant step toward mainstream financial adoption for crypto firms, particularly stablecoin issuers. By going public, Circle aims to increase transparency and regulatory compliance, setting itself apart from competitors like Tether, which has no IPO plans.