In a move that jolted the crypto world and electrified Wall Street, Circle Internet Group Inc. priced its upsized $1.05 billion initial public offering on Wednesday—soaring past expectations and signaling renewed investor appetite for digital asset firms.
The issuer of stablecoins USDC and EURC blew past its initial projections, pricing 34 million shares at $31 each, above its already-raised marketing range of $27 to $28. The company had originally aimed for a smaller $24–$26 range on 24 million shares but twice expanded the offering due to mounting investor demand.
Circle shares will make their debut on the New York Stock Exchange on Thursday under the ticker CRCL, launching with a market capitalization of $6.8 billion.
Crypto Climbs Back: Circle Rides the Rising IPO Tide
After a bruising crypto winter and IPO drought, Circle’s blockbuster debut marks a turning point in digital finance. The listing comes as IPOs roar back from the shadows, defying fears that geopolitical tensions and market volatility might suppress offerings.
Circle’s splashy entrance follows hot on the heels of eToro Group Ltd.’s $620 million IPO in May—part of a growing chorus of crypto-linked companies eyeing public markets amid optimistic regulatory signals.
