#CircleIPO

Circle Internet Group Inc., the issuer of the USDC stablecoin, made a remarkable debut on the New York Stock Exchange on June 5, 2025. Trading under the ticker symbol "CRCL," Circle priced its initial public offering (IPO) at $31 per share, surpassing the anticipated range of $27–$28. The company raised approximately $1.1 billion by selling 34 million shares, achieving a market capitalization nearing $19 billion.

Investor enthusiasm was evident as Circle's stock surged by 168.5% on its first trading day, closing at $83.23 per share. This performance marks one of the strongest first-day gains for a U.S. IPO in recent years.

Circle's financial health has been robust, with a net income of $64.79 million on $578.57 million in revenue for the first quarter of 2025. The company's USDC stablecoin has facilitated over $25 trillion in transactions since its inception and saw $6 trillion in usage in Q1 2025 alone.

The successful IPO reflects growing investor confidence in stablecoins and the broader cryptocurrency market. Circle's public listing is seen as a significant milestone, potentially paving the way for other fintech firms to enter public markets.