#CircleIPO

Circle Internet Group, the issuer of the USDC stablecoin, successfully completed its initial public offering (IPO) on June 4, 2025. The company raised $1.05 billion by selling 34 million shares at $31 each, surpassing its initial price range of $27–$28 per share. This pricing valued Circle at approximately $8 billion on a fully diluted basis .

The IPO was significantly oversubscribed, with demand exceeding available shares by over 25 times, indicating strong investor interest in the crypto sector . Circle's revenue and reserve income grew by nearly 16% year-over-year to $1.68 billion in 2024, although net income decreased to $157 million from $271.5 million in 2023 .

This IPO marks a significant milestone for Circle, following its previously canceled SPAC merger in 2022 and a confidential IPO filing in January 2024 . The company's successful public debut reflects a broader resurgence of crypto firms entering public markets amid evolving regulatory landscapes.