Circle IPO: A Strong Stock Market Debut
Circle Internet Group, known for the USDC stablecoin, has exceeded expectations with its IPO at the New York Stock Exchange (NYSE). The price per share was set at $31, above the initial price expectation of $27 to $28. This development reflects not only the investors’ confidence in Circle but also in the stablecoin market.
IPO Data and Financing
- Stock Offering: Circle offered a total of 34 million shares, including 14.8 million from the company itself.
- Price Setting: The starting price was $31 per share.
- Revenue: The IPO raised over $1 billion.
- Over-allotment Option: Banks can purchase up to 5.1 million additional shares.
Impact on the Crypto Market
The success of Circle strengthens confidence in stablecoins, which is important for the stability of the crypto market. USDC ranks as the seventh most valuable cryptocurrency, underscoring Circle’s significance in the crypto ecosystem.
Financial Situation of Circle
Circle has seen significant growth in recent years:
- Revenue: $1.7 billion in 2024.
- Profit: Net profit of $155.7 million in 2024.
- Financial Structure: Low debt ratio of 0.07 and a current ratio of 1.02.
Market Launch and Trading
Circle’s shares, under the ticker symbol “CRCL”, began trading on the NYSE on June 6, 2025, following the completion of the IPO on June 5, 2025.