#CircleIPO

Circle, the issuer of the USDC stablecoin, has successfully completed its initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL". The company sold 34 million shares at $31 each, raising $1.05 billion and valuing the company at approximately $8.06 billion. This IPO was oversubscribed 25 times, initially targeting $624 million. Circle's strong market position and financial performance drove investor interest. The company reported $1.68 billion in revenue and $156 million in net income for 2024. Circle aims to use this funding to further establish itself in the financial technology sector ¹ ².