#CircleIPO CRCL: Circle's IPO, the company behind the USDC stablecoin, raises US$163,705,504,181.05 billion

During the public offering on the NYSE, Circle sold 34 million shares and had a market value of US$163,705,504,186.9 billion.

On Thursday, June 5th, Circle, the company behind the world's second-largest stablecoin, debuted on the New York Stock Exchange, the NYSE. Through the ticker CRCL, Circle joined the small group of crypto companies listed on exchange in the United States. Contested by other companies in the sector, such as Ripple, Circle opted for the public offering (IPO), which caught the attention of other significant names, such as Strategy, Ark Invest, and BlackRock.

In the IPO, Circle sold 34 million shares at US$163,705,504,183.1 each, totaling a fundraising of US$163,705,504,181.05 billion. The amount is almost double the US$163,705,504,186.00 million expected by the company. Previously, Circle planned to sell 24 million shares at prices between US$163,705,504,182.4 and US$163,705,504,182.6. 14.8 million shares came from Circle, while 19.2 million were sold by company shareholders. According to Bloomberg, the expanded operation had a demand more than 25 times higher than the number of shares available.

Mariana Maria Silva

Reporter for the Future of Money

Published on June 5, 2025, at 12:40 PM.