#CircleIPO Here's what you need to know:
- IPO Details:
- Date: Today, June 5, 2025
- Stock Symbol: CRCL
- Exchange: New York Stock Exchange (NYSE)
- IPO Price: $31 per share, priced above the initial range of $24-$26
- IPO Performance:
- Oversubscription: The IPO was 25 times oversubscribed, indicating strong investor interest
- Shares Offered: 34.3 million shares, including 15.1 million new shares and 19.2 million shares sold by existing stockholders
- Valuation: Approximately $7.1 billion to $8 billion, with Circle aiming to raise over $1 billion
- Investor Interest:
- ARK Investment Management: Showed non-binding interest in purchasing up to $150 million worth of shares
- BlackRock: Took a 10% stake in Circle's IPO launch, further solidifying investor confidence
- Company Overview:
- Circle Internet Group