The company behind the USD Coin (USDC) stablecoin 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 increasing the size from 32 million with an option to add 5.1 million shares)
Achieved funding: approximately $1.05 billion (according to other sources, the figure is closer to $1.1 billion)
Initial market value: about $6.8 – 7 billion, reaching $8 billion when accounting for full dilution of options.