Circle set its initial public offer (IPO) on Wednesday at $ 31 per share, above the expected range of $ 24 to $ 26.
The company sold around 34 million shares in the offer for an assessment of $ 1.1 billion. Bloomberg sets the total amount collected in the opi at $ 6.2 billion.
Initially, Circle planned to offer only 24 million class A shares, with 9.6 million from the firm itself and the rest of the first interested parties. But as the demand shot, the offering shot more than 10 times the original amount.
The Stablecoin issuer will begin to quote Thursday in the New York Stock Exchange (NYSE) under the “CRCL” ticket.
This initial public offer (IPO) marks the second important cryptographic company in leaving public under the Trump administration, after Etoro mentioned last month.
The path of the stablcoin issuer to public markets has been long. First he tried to make public in 2021 through a special purpose acquisition company (SPAC). That agreement finally collapsed, although Circle never stopped pursuing his opi ambitions.
Circle issues USDC, the second stable in circulation, which has become a spine for many pairs of cryptography and decentralized financial applications. Getting public gives the company access to deepest capital markets and greater regulatory scrutiny, which can help underpin the confidence of investors following the recent volatility in cryptographic markets.
The entry of the firm to the NYSE is produced in the midst of a renewed interest in digital assets and, as US legislators weigh the clearest rules for Stablecoins and their emitters, which could give an advantage to the emitters that are negotiated publicly.
Senator Bill Hagerty, the main sponsor of the Senate Stablecoin bill, Bloomberg said on Wednesday that the Senate must approve that legislation as soon as possible, arguing that he would protect consumers while keeping more issues and other companies in the United States.
“We have a broad agreement, with respect to the content of this Stablecoin legislation,” he said. “I think this will take us to the 21st century, in terms of updating our payment systems … because each of these stable will be backed by dollar per dollar with the treasure bonds.”
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Update (June 4, 2025, 22:18 UTC): Add Hagerty comment.
Update (June 4, 2025, 23:07 UTC): Update the title and history to clarify that Circle will start operating tomorrow.
