Circle's IPO pricing exceeds expectations, valuation at $6.2 billion releases regulatory signals

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 original pricing expectation of $24-26. Circle is the issuer of USDC and the second-largest stablecoin operator in the U.S. Its listing on the New York Stock Exchange (ticker CRCL) symbolizes a critical step for the crypto industry into the capital markets. Notably, this IPO coincides with U.S. lawmakers accelerating the push for stablecoin regulatory legislation. The market generally believes that Circle's listing may provide a positive example for regulatory compliance, encouraging more institutions to participate in the stablecoin ecosystem.