Circle Internet Group, the issuer of the USD Coin (USDC) stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) under the ticker symbol CRCL on June 5, 2025. The company's initial public offering (IPO) was priced at $31 per share, above the anticipated range of $27–$28, and involved the sale of 34 million shares, raising approximately $1.1 billion.

On its first trading day, Circle's stock opened at $69, surged to a peak of $103.75, and closed at $83.23, marking a 168% increase from the IPO price. This performance elevated Circle's market capitalization to approximately $18.4 billion, or $21.4 billion when accounting for additional equity instruments.

The IPO garnered significant interest from major investors, with BlackRock expressing intent to acquire 10% of the shares and Cathie Wood's ARK Investment Management indicating plans to purchase up to $150 million worth of stock.

Circle's successful public offering reflects growing investor confidence in stablecoins and digital assets, especially amid a favorable regulatory environment in the U.S. The company's USDC stablecoin has facilitated over $25 trillion in transactions since its launch in 2018 and currently has approximately $60 billion in circulation.

This IPO is considered one of the most significant public offerings for a crypto-related company since Coinbase's 2021 debut, signaling a resurgence in crypto investor enthusiasm.

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