#CircleIPO **🚀 Breaking: Circle Prices IPO at $31/Share in Landmark Crypto Listing**

Stablecoin issuer Circle Internet Group (ticker: **CRCL**) debuted on the NYSE today (June 5, 2025) after pricing its upsized IPO at **$31/share**, raising **$1.05 billion**—far above its initial target range of $27–28 . The offering sold **34 million shares** (up 42% from the original 24 million), reflecting massive institutional demand .

### 🔑 Key Highlights:

1. **Valuation Surge**: Circle’s market cap now sits between **$6.9B–$8B** (fully diluted), eclipsing earlier projections of $7.2B .

2. **USDC Dominance**: As the #2 stablecoin globally (market cap: **$61B+**), Circle’s USDC is a backbone for crypto trading and DeFi. Revenue from its Treasury-backed reserves surged 55% YoY to $557.9M last quarter .

3. **Regulatory Tailwinds**: The IPO capitalizes on growing crypto optimism under lighter-touch U.S. regulations proposed by the Trump administration and pending stablecoin legislation .

4. **Investor Confidence**: The offering was **25x oversubscribed**, with heavy backing from Wall Street giants JPMorgan, Goldman Sachs, and Citigroup as lead underwriters .