#CryptoFees101 Investing.com - The initial public offering of Circle Internet Group Inc (NYSE:CRCL), a leader in the stablecoin sector, saw a significant rise during its first trading day on the New York Stock Exchange on Thursday. The stock opened at $69 per share after pricing 34,000,000 shares at $31 per share. The stock continued to rise, reaching $85 per share, an increase of 174%.

Circle offered 14,800,000 shares in the IPO, while selling shareholders offered an additional 19,200,000 shares.

The company and shareholders raised more than $1.05 billion in the offering.

Based on the latest price, the company is valued at over $17.5 billion.

J.P. Morgan, Citigroup Inc, and Goldman Sachs Group Inc (NYSE:GS) acted as active joint book-running managers for the offering.

Circle is a global fintech company that helps businesses use digital currencies and blockchain technology for payments and financial applications. The company operates the largest stablecoin network in the world, issuing USDC and EURC through regulated subsidiaries, and providing tools to integrate stablecoins into products and operations.

In 2024, Circle recorded revenues of $1.7 billion, a net income of $155.7 million, and adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) of $284.9 million. For the first quarter of 2025, revenues reached $578.6 million.