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Circle Shares Soar 235% on First Day of NYSE Trading
Circle’s explosive stock market debut on Thursday has delivered the first major public test of crypto’s payment infrastructure ambitions. As the stablecoin operator behind USDC began trading on the New York Stock Exchange, shares soared well above expectations, pushing the firm’s valuation to nearly $19 billion and making its cofounder a billionaire overnight.Entrance to the Public MarketCircle Internet Financial Inc. (NYSE: CRCL) opened trading at $69 per share, more than double its IPO price of $31, according to Investing.com. By afternoon, shares climbed as high as $103.75 before settling around $85, representing a 174% gain.I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc— Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) June 5, 2025The offering included 34 million shares, 14.8 million of which came from the company and the rest from existing shareholders, including CEO Jeremy Allaire.The IPO raised more than $1 billion and saw major demand from institutional investors. J.P. Morgan, Citigroup, and Goldman Sachs led the offering, which was upsized twice due to intense interest. Investors like BlackRock and ARK Investment Management reportedly bought into the deal.The NYSE welcomes @circle in celebration of its IPO! For over a decade, Circle has connected traditional finance and digital assets, seeking to create a secure, always-on digital economy. $CRCL@jerallaire pic.twitter.com/YnHL34puz7— NYSE
Circle’s explosive stock market debut on Thursday has delivered the first major public test of crypto’s payment infrastructure ambitions. As the stablecoin operator behind USDC began trading on the New York Stock Exchange, shares soared well above expectations, pushing the firm’s valuation to nearly $19 billion and making its cofounder a billionaire overnight.
Entrance to the Public Market
Circle Internet Financial Inc. (NYSE: CRCL) opened trading at $69 per share, more than double its IPO price of $31, according to Investing.com. By afternoon, shares climbed as high as $103.75 before settling around $85, representing a 174% gain.
I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc— Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) June 5, 2025
The offering included 34 million shares, 14.8 million of which came from the company and the rest from existing shareholders, including CEO Jeremy Allaire.
The IPO raised more than $1 billion and saw major demand from institutional investors. J.P. Morgan, Citigroup, and Goldman Sachs led the offering, which was upsized twice due to intense interest. Investors like BlackRock and ARK Investment Management reportedly bought into the deal.
The NYSE welcomes @circle in celebration of its IPO! For over a decade, Circle has connected traditional finance and digital assets, seeking to create a secure, always-on digital economy. $CRCL@jerallaire pic.twitter.com/YnHL34puz7— NYSE
