Archive · 6 Jun 2025
Circle's Shares Soar in NYSE Debut, Up 168% from IPO Price
Circle, the company behind the USDC and EURC stablecoins, had a successful IPO on the NYSE.
The stock opened at $69, far above the initial $31 price, and surged as high as $103.75.
It closed at $83.23.
The successful IPO is likely to encourage more crypto companies to go public.
The company's success shows the growing acceptance of crypto in public markets.
Stablecoins like USDC are increasingly being used for digital payments.
Circle's shares debuted on the NYSE under the ticker "CRCL."
Shares opened at $69, significantly above the $31 IPO price.
The stock rose as high as $103.75 and closed at $83.23, up 168%.
Circle raised $1.05 billion by selling 34 million shares.
The IPO is seen as a landmark moment for the stablecoin market and crypto adoption.
- Who
- Circle Internet Group
- What
- Circle, issuer of USDC and EURC stablecoins, had a successful IPO.
- When
- Thursday
- Where
- New York Stock Exchange (NYSE)
- Why
- To raise capital and enter the public market.
N/A
Market Impact
Stablecoin Regulation
N/A
N/A
Market Impact
The Trump administration and crypto sector are supporting legislation aimed at regulating stablecoin issuers.
- Company
- Circle Internet Group
- Exchange Symbol
- CRCL
- IPO Price
- $31
- Opening Price
- $69
- Closing Price
- $83.23
- Shares Raised
- $1.05 billion
- Stablecoin Issued
- USDC, EURC
