#CircleIPO Circle Internet's IPO was a significant event in the cryptocurrency world. Here are the key details¹:

- *IPO Date*: The company went public on June 5, 2025, listing on the New York Stock Exchange (NYSE) under the symbol CRCL.

- *IPO Price*: The IPO price was $31 per share, above the marketed range of $27 to $28 each.

- *Share Performance*: The stock more than tripled in its debut, opening at $69 and rising as high as $103.75.

- *Valuation*: The IPO gave Circle a market value of $18.9 billion, with a fully diluted valuation of around $22.5 billion.

- *Funding*: Circle raised $1.05 billion in the IPO by selling 34 million shares.

Some notable investors in Circle include²:

- *ARK Investment Management*: Interested in buying up to $150 million worth of shares in the IPO.

- *Goldman Sachs*: One of the lead underwriters for the IPO, and also an investor in Circle.

- *BlackRock*: Manages a government money market fund that holds 90% of the reserves backing Circle's USDC stablecoin.

Circle's IPO has been seen as a milestone for the cryptocurrency industry, marking a significant step in mainstream adoption. However, not everyone was pleased with the IPO, with Arca's chief investment officer Jeff Dorman criticizing Circle's allocation process.³