#CircleIPO Circle Internet Group, the issuer of the USDC stablecoin, made a remarkable debut on the New York Stock Exchange (NYSE) on June 5, 2025. Trading under the ticker symbol CRCL, the company's stock opened at $69, significantly above its initial public offering (IPO) price of $31. The stock reached an intraday high of approximately $104 before closing at $83.23, marking a 168% increase from the IPO price and valuing the company at around $18.36 billion.

The IPO raised approximately $1.1 billion through the sale of 34 million shares, with major financial institutions like Goldman Sachs, JPMorgan, and Citigroup acting as underwriters. Notably, ARK Investment Management, led by Cathie Wood, expressed interest in purchasing up to $150 million of Circle's stock.

This successful public offering is seen as a significant milestone for the cryptocurrency industry, potentially paving the way for other crypto firms to consider going public. Analysts suggest that Circle's strong performance reflects growing investor confidence in stablecoins and digital assets, especially amid ongoing discussions about regulatory frameworks like the proposed GENIUS Act, which aims to establish clear guidelines for stablecoin issuers.

Circle's IPO is particularly noteworthy given its previous attempt to go public via a special-purpose acquisition company (SPAC) merger in 2022, which was ultimately canceled. The company's successful transition to a publicly traded entity underscores its resilience and the increasing mainstream acceptance of cryptocurrency-related businesses.