Circle Internet Financial Ltd., the issuer of the USDC stablecoin, has successfully completed its initial public offering (IPO), raising $1.05 billion by selling 34 million shares at $31 each. The company is now valued at approximately $8 billion, with shares trading on the New York Stock Exchange under the ticker symbol "CRCL" .
This IPO marks a significant milestone for Circle, following a previous attempt to go public via a SPAC deal in 2022 that was ultimately canceled due to regulatory delays and the collapse of FTX . The successful listing reflects growing investor confidence in cryptocurrency-related firms, particularly those involved in stablecoins and digital finance infrastructure.
Circle's USDC stablecoin remains a key player in the crypto market, with a market capitalization exceeding $61 billion. The company's decision to go public is part of a broader strategy to enhance transparency and drive the mainstream adoption of Web3 financial infrastructure.
