#CircleIPO Company Circle — the issuer of the world's second-largest stablecoin, $USDC — successfully conducted its initial public offering (IPO) on the New York Stock Exchange (NYSE).
Here are the key details and important information about Circle's IPO:
* Listing/trading start date: Circle shares began trading on the NYSE on June 5, 2025, under the ticker CRCL.
* Funds raised: The company raised significant funds during the IPO. Initially, a lower amount was planned to be raised, but due to high demand, the offer size and share price were increased. According to the latest data, Circle raised about $1.1 billion.
* Offering price: Shares were offered at a price of $31 per share, which is higher than the initially announced range of $24-26 or $27-28.
* Demand: Demand for Circle shares significantly exceeded supply, reportedly by 25 times, indicating very high investor interest in the company.
* Company valuation: Following the IPO, the valuation of Circle was approximately $6.9 billion, although some reports mention figures up to $8 billion on a fully diluted basis.
* First day of trading: Circle shares showed impressive growth on the first day of trading, soaring nearly 170%. At one point, the price exceeded $100, and by the end of the main session, it reached $83.2. This is one of the sharpest rises on debut trading since 2021.
* Major investors: Among the IPO participants were notable financial players such as BlackRock (planned to acquire up to 10% of IPO shares) and ARK Invest (planned to acquire shares worth $150 million).
* Regulatory context: Circle's IPO took place against the backdrop of favorable changes in the U.S. regulatory landscape, including support for the GENIUS Act, which introduces a legal framework for stablecoins fully backed by U.S. dollars or liquid assets. This creates a more predictable environment for companies like Circle.
* Significance for the crypto industry: The successful IPO of Circle is seen as a significant boost for the entire IPO market focused on cryptocurrencies and may encourage even more companies in the digital asset space to go public.
Circle Internet Financial Limited is a key player in the stablecoin ecosystem thanks to its product $USDC (USD Coin), which is the second-largest stablecoin by market capitalization after USDT from Tether. The success of the IPO underscores the growing legitimacy and interest from traditional financial markets in companies operating in the crypto space.
