#CircleIPO Circle, the issuer of the USDC stablecoin, has gone public with a successful initial public offering (IPO). Here are the key details :

- *IPO Details*:

- Circle raised $1.1 billion by selling 34 million shares at $31 each.

- The stock is trading on the New York Stock Exchange (NYSE) under the symbol "CRCL".

- *Market Performance*:

- Circle's stock price surged 168.5% on its first trading day, closing at $83.23 per share.

- The company's market capitalization reached approximately $18.9 billion.

- *Growth and Expansion*:

- Circle plans to use the funds to expand its global payments and digital currency business.

- The company has reported steady growth, with revenue increasing from $15.4 million in 2020 to $1.7 billion in 2024.

- *Industry Impact*:

- Circle's IPO is seen as a significant milestone for the crypto sector, potentially paving the way for other crypto companies to go public.