The company behind the USD Coin (USDC) stablecoin has completed an Initial Public Offering (IPO) through the American stock exchange (NYSE) under the ticker CRCL.

Initial share price: $31

Number of shares offered: 34 million shares (after raising the amount from 32 million with an option to add 5.1 million shares)

Funds raised: approximately $1.05 billion (according to other sources, the figure rounds up to $1.1 billion)

Initial market capitalization: about $6.8 – $7 billion, reaching $8 billion when accounting for full dilution of options.