#CircleIPO Circle Internet Group Inc., the issuer of the USDC stablecoin, recently went public with its IPO on the New York Stock Exchange (NYSE) under the stock symbol "CRCL". Here are the key details ¹ ²:

- *IPO Date and Price*: The IPO took place on June 5, 2025, with an initial public offering price of $31 per share, priced above the upsized range.

- *Market Performance*: The stock opened at $69 and closed at $83.23, representing a 168% increase from the IPO price. This surge set the company's market capitalization at $16.7 billion.

- *IPO Valuation*: The IPO valued Circle at approximately $7.1 billion, with the company raising around $468 million from the sale of 15.1 million new shares. However, the market capitalization after the IPO is significantly higher.

- *Investor Demand*: The IPO was 25 times oversubscribed, demonstrating strong investor demand. Major investors include venture capital firms like General Catalyst and IDG Capital.

- *Trading*: Circle's stock is currently trading at $107.70, with a 52-week range of $64.00 to $103.75.

The successful IPO is seen as a positive sign for other crypto companies considering stock market debuts, particularly given the current supportive stance on crypto assets ³ ⁴.