You're in luck! Circle, the issuer of the USDC stablecoin, successfully completed its initial public offering today, June 5, 2025.
Here is a summary of key information related to Circle's offering:
Trading Symbol: CRCL
Exchange: New York Stock Exchange (NYSE)
Offering Date: June 5, 2025
Final Offering Price: $31 per share (which was higher than the initial expected range of $27 to $28)
Shares Offered: 34 million shares (14.8 million new shares from Circle and 19.2 million shares from existing shareholders)
Aggregate Proceeds: Approximately $1.1 billion
Value at Initial Public Offering Price: Approximately $6.9 billion, with a fully diluted valuation of nearly $8 billion.
Why is this important?
The initial public offering of Circle is a significant achievement for the cryptocurrency and fintech sectors. It shows that Wall Street is paying more attention to stablecoins and digital currencies. Circle's main product, USDC, is a stablecoin pegged to the US dollar at a 1:1 ratio, and it has seen remarkable growth, with the circulating value of USDC exceeding $61 billion as of May 23, 2025.
How to Buy Circle Shares (CRCL):
Once Circle becomes a publicly listed company, you can usually buy its shares through a traditional brokerage account.
Open a Brokerage Account: If you do not already have an account, you will need to open one with a brokerage firm (such as Fidelity, Charles Schwab, Robinhood, etc.).
Fund Your Account: Deposit funds into your brokerage account.
Search for CRCL: After funding your account, search for Circle using its symbol 'CRCL'.
Submitting Your Order: You can then place an order to buy the number of shares you wish to purchase. You can usually choose between a market order (which buys at the current market price) or a limit order (which buys at a specified price or higher).
It's important to remember that investing in newly listed companies involves risks, as is the case with all investments. Do your own research and consult a financial advisor before making any investment decisions.
