US EditionStablecoin Giant Circle Files to go Public on NYSE
- Circle Internet Group, the company behind the USDC stablecoin, submitted IPO documents in early April 2025 and plans to list its shares on the NYSE under the symbol CRCL.
- Circle’s decision follows its growth since founding in 2013 and the rise of USDC, which launched in 2018 and now circulates about $44 billion across 4.3 million wallets.
- The company plans to offer 24 million Class A shares, including 9.6 million from Circle and 14.4 million from existing shareholders, at $24 to $26 per share.
- This pricing places Circle’s valuation at approximately $5.65 billion, with plans to raise around $624 million, including a 30-day option for underwriters to purchase an extra 3.6 million shares to cover overallotments.
- Circle’s IPO signals its intent to enhance transparency amid evolving crypto regulations and builds on USDC’s role as a major stablecoin facilitating over $25 trillion in transactions globally.
58 Articles
58 Articles
What is a stablecoin, anyway? Circle’s $6.7 billion IPO filing puts spotlight on crypto tokens pegged to the U.S. dollar
The issuer of USDC, a popular stablecoin that’s pegged to the U.S. dollar, is officially launching an initial public offering. Circle Internet Group filed paperwork with the U.S. Securities and Exchange Commission on Tuesday to raise up to $624 million by offering 24 million shares to investors. With its IPO plans, New York-based Circle is hoping to put a lot of circles—well, zeros—behind its valuation, targeting up to $6.71 billion. Tuesday’s f…
Circle Internet Corp. (CRCL) Plans to Raise $600 Million in June 5th IPO
Circle Internet Corp. (CRCL) expects to raise $600 million in an initial public offering on Thursday, June 5th, IPO Scoop reports. The company plans to issue 24,000,000 shares at $24.00-$26.00 per share. In the last 12 months, Circle Internet Corp. generated $1.7 billion in revenue and $160,000 in net income. Circle Internet Corp. has a market cap of $5.4 billion. J.P. Morgan, Citigroup, Goldman Sachs, Barclays, Deutsche Bank Securities and Soci…
Stablecoin issuer Circle, holders seek $624 million in IPO - The Boston Globe
Circle, led by Jeremy Allaire, has been chasing a public listing since at least 2021 when the company, then based in Boston, announced a blank-check company merger that was later scrapped.
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