#CircleIPO Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, has successfully conducted its initial public offering (IPO) on June 5, 2025. In this IPO, Circle managed to raise $1.05 billion by selling 34 million shares at $31 each, giving the company a valuation of approximately $8 billion.

On the first day of trading on the New York Stock Exchange (NYSE) under the symbol "CRCL", Circle's shares opened at $69 and closed at $83.23, reflecting a surge of 168% from the IPO price.

The success of Circle's IPO is seen as a catalyst for other crypto companies considering going public, such as Kraken and Gemini. This also signifies the increasing market acceptance of the crypto sector as a legitimate and sustainable industry.

Circle is the issuer of USDC, a stablecoin pegged to the US dollar, which is widely used in crypto transactions and digital payments. The company aims to build new infrastructure for internet-based money, hoping to overhaul the way traditional financial systems operate.

Prior to this IPO, Circle had undergone several significant developments, including relocating its headquarters from Boston to New York City in early 2025.

The success of Circle's IPO reflects strong public market demand for investments in the crypto and fintech sectors, as well as optimism for clearer regulations in the future for digital assets.