#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, has successfully completed its initial public offering (IPO), raising approximately $1.05 billion by pricing 34 million shares at $31 each—surpassing the anticipated range of $27 to $28 per share. The company's shares are set to begin trading on the New York Stock Exchange under the ticker symbol "CRCL" on June 5, 2025. (investopedia.com, businesswire.com)

This IPO positions Circle with a market valuation of around $6.8 billion, potentially reaching nearly $8 billion if underwriters exercise their option to purchase an additional 5.1 million shares. The offering comprises 14.8 million new shares from Circle and 19.2 million shares from existing shareholders. (barrons.com, investopedia.com)

Founded in 2013, Circle has established itself as a significant player in the cryptocurrency space, particularly through its USDC stablecoin, which boasts a market capitalization exceeding $61 billion, making it the second-largest stablecoin after Tether. The company's profitability is largely driven by interest income from reserves backing USDC. (reuters.com, barrons.com)

The IPO occurs amid a more favorable regulatory environment for cryptocurrencies in the United States, with proposed legislation like the GENIUS Act aiming to provide clearer guidelines for stablecoin issuers. Circle's public debut is seen as a significant milestone for the crypto industry, potentially paving the way for more digital asset companies to enter traditional financial markets.(barrons.com, reuters.com)

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