#CircleIPO

### 💵 Circle IPO Summary (100 words)

Circle Internet Group (ticker: **CRCL**) priced its IPO at **$31/share**, above the projected $27–$28 range, raising **$1.05 billion** from 34 million shares. This gives Circle a **$6.8–$8 billion valuation** (fully diluted) . Trading begins today (June 5) on the NYSE.

**Key highlights**:

- **Strong demand** prompted Circle to upsize shares from 24M to 34M .

- **Revenue**: $1.68B in 2024, primarily from USDC reserve interest .

- **Institutional backing**: JPMorgan/Citigroup/Goldman Sachs led underwriting; ARK Invest committed $150M .

- **Regulatory tailwinds**: Anticipated stablecoin legislation (e.g., GENIUS Act) boosts institutional confidence .