#CircleIPO Circle Internet Group, issuer of the USDC, completed its initial public offering (IPO) on June 5, 2025, on the NYSE under the symbol CRCL. The IPO, oversubscribed 25 times, raised $1.1 billion by selling 34 million shares at $31.$ each, valuing the company at approximately $6.9 billion ($8.1 billion on a fully diluted basis). The operation reflects the growing appetite of investors for stablecoins, despite a volatile environment for tech companies. Circle reported a revenue of $1.68 billion in 2024. BlackRock and ARK Investment Management acquired significant stakes.