Stablecoin giant Circle ($CRCL) ultimately priced its IPO at $31 per share (above the expected range of $24-$26), raising a total of $1.1 billion and reaching a valuation of $6.2 billion. Due to high demand, the number of shares offered was increased from 24 million to 34 million.
The explosive performance of the Circle IPO demonstrates the market's expectations for stablecoins in an increasingly clear regulatory environment. Shortly after, on June 6, it was reported that the cryptocurrency exchange Gemini had secretly submitted its IPO application in the U.S.
The Circle IPO is just the beginning, as BitMEX co-founder Arthur Hayes stated on social media: Has the spirit of the 2017 ICO transformed into the IPO craze of 2025-2027? This is just the fervent beginning.
