Circle on Wednesday introduced its public market under the tick “CRCL” on the New York Stock Exchange (NYSE), pricing its shares at $ $ $ 31 above $ 24 to $ 26 range.
For evaluating $ 1.1 billion, the company sold around 34 million shares in the offer. Bloomberg raised total amount $ 6.2 billion in IPO.
Circle initially planned to offer only 24 million class A shares, with a 9.6 million firm and from early stakeholders. But as the demand increased, this offering exceeded 10 times than the original amount.
This initial public offering (IPO) marks the second major crypto company to go publicly under the Trump Administration, after the Etoro listed last month.
Stablecoin issuer has long been long for public markets. It first tried to become public in 2021 through a special objective acquisition company (SPAC). The deal eventually collapsed, although the circle never stopped pursuing its IPO ambitions.
Circle Issue USDC, second largest US dollar-in stabelcoin circulation, which has become a backbone for many crypto trading pairs and decentralized finance applications. Publicly going public has access to deep capital markets and increases regulatory investigation – potentially helps to sideline investors confidence in view of recent instability in crypto markets.
The firm’s entry into NYSE comes amidst renewed interest in digital assets and as American legislators weigh clear rules for stabechoin and their issuers, are probably giving an edge to continuously trading issuers.
Senate Bill Hergerti, the chief sponsor of the Senate Stabelcoin Bill, said on Bloomberg on Wednesday that the Senate needs to pass that law as soon as possible, arguing that it would protect consumers, while more issuers and other companies in the US would have to maintain.
“We have a widespread compromise, in relation to the content of this stabechoin law,” he said. “It’s going to do this, I think, take us to the 21st century, in the context of upgrading our payment systems … because each of these Stabelin will be supported by the dollar for the dollar with the American Treasury.”
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Update (June 4, 2025, 22:18 UTC): Hagerty adds comments.
