#CircleIPO
๐ Circle Shocks Wall Street with $1.1B IPO! ๐ฅ
USDC powerhouse Circle just crushed expectations with a stunning $1.1 billion IPO, pricing shares at $31 after a surge in investor demand! Originally targeting under $900M, they sold 34M shares, hitting a $6.9B valuation ($8.1B fully diluted). ๐๐ธ
Circle, issuer of the $61B+ USDC stablecoin, is now trading under CRCL on the NYSE. Backed by BlackRock (snapping up 10% of shares!) and possibly ARK Invest, Circle's IPO comes as stablecoin regulation heats up in the U.S. ๐บ๐ธ
With $1.68B revenue and a strong compliance record, Circle is flexing its muscles as crypto goes mainstream. This isnโt just a stock debut โ itโs a power move in the global stablecoin race! โก๐ช
