#CircleIPO The IPO price gives Circle a of $6.80 billion. The stock is expected to begin trading today (June 5) on the New York Stock Exchange under the ticker symbol “CRCL.” New York-based Circle is expected to raise $1.05 billion in the offering of 34 million shares.

Due to strong demand, Circle increased the sold in the IPO from 32 million. Originally, Circle had sought to raise $624 million by selling 24 million shares in a price range of $24 to $26 a share. Circle is the issuer of USD Coin ($USDC-USD), commonly referred to by its ticker symbol “USDC.” It’s currently the second biggest stablecoin in the world, comprising 27% of the market.

The largest stablecoin is rival Tether’s USDT ($USDT-USD), which dominates 67% of the stablecoin market.