Circle Successful IPO, Shares Surge 230% on First Day of Trading 

Circle Internet Group, the issuer of the USDC stablecoin, officially listed on the New York Stock Exchange (NYSE) on June 5, 2025, with the stock code 'CRCL'. The company successfully raised $1.05 billion through the sale of 34 million shares priced at $31 per share, making it one of the largest IPOs in the crypto sector this year.  

On its trading debut, Circle's shares surged by 230%, reaching a price of $103.75, before ultimately closing at $94.87. This increase reflects high investor interest in stable and regulated crypto infrastructure companies. 

Circle, founded in 2013, manages USDC—the second-largest stablecoin after Tether—with a market capitalization of approximately $60 billion. The company generates revenue from interest on reserves backing USDC, such as cash and short-term U.S. government bonds.  

This IPO marks a significant step for crypto adoption in traditional markets, demonstrating that stablecoins are beginning to gain legitimacy on Wall Street. #CircleIPO