Circle IPO pricing exceeds expectations, valuation signals regulatory release of $6.2 billion
Stablecoin issuer Circle successfully completed its IPO at $31 per share, raising $1.1 billion, with a total valuation reaching $6.2 billion, far exceeding the previous pricing expectation of $24-26. Circle is the issuer of USDC and the second-largest stablecoin operator in the United States. Its listing on the New York Stock Exchange (ticker: CRCL) symbolizes a key step for the cryptocurrency industry into the capital markets. It is worth noting that this IPO comes at a time when U.S. lawmakers are accelerating the push for stablecoin regulatory legislation. The market generally believes that Circle's listing could provide a positive example for regulatory compliance, encouraging more institutions to participate in the stablecoin ecosystem.
