Circle Prices IPO at $31, Surpassing Expectations and Securing $1.05 Billion

NEW YORK, NY – Circle Internet Group has priced its initial public offering at $31 per share, exceeding the anticipated range of $27 to $28. The IPO announcement came late Wednesday and marks a significant step for the stablecoin issuer, bringing its total market value to approximately $6.8 billion.

The New York-based company will aim to raise $1.05 billion by offering 34 million shares on the New York Stock Exchange under the ticker symbol ‘CRCL.’ Initially, Circle intended to sell 32 million shares but opted for an upsized IPO due to strong demand.

This pricing adjustment reflects the overwhelming interest from institutional investors, including Cathie Wood‘s ARK Investment Management, which reportedly plans to purchase up to $150 million worth of shares. This uptick in share count highlights the growing confidence in Circle as a major player in the cryptocurrency market.

Founded in 2013, Circle is best known for its USD Coin (USDC), which is currently the second-largest stablecoin globally, accounting for around 27% of the market share. The company aims to leverage these IPO proceeds for potential acquisitions, international growth, and further product development.

Circle’s business model focuses exclusively on stablecoins, which are designed to maintain a stable value by being pegged to traditional currencies. This focus distinguishes Circle from other crypto firms that might engage in more volatile cryptocurrency trades.

Despite past attempts to go public through SPAC mergers that stalled due to market uncertainties related to changing governmental regulations, Circle’s latest IPO arrives during a renewed interest in tech and financial offerings in the stock market.

This IPO is being closely watched as a measure of the public market’s readiness for cryptocurrency-related companies amid regulatory changes expected under the Trump administration.

As anticipation grows for its debut, Circle’s IPO could mark a pivotal moment in the crypto industry’s integration into mainstream finance.