Circle Internet Group, the issuer of the USDC stablecoin, officially launched its initial public offering process on May 27, 2025. The company plans to sell a total of 24 million shares of Class A common stock, with 9.6 million shares offered by the company itself and 14.4 million by existing shareholders. The expected price range for these shares is set between $24 and $26 apiece, aiming to raise approximately $624 million.
This offering is projected to value Circle at around $5.65 billion, potentially reaching $6.7 billion when including outstanding options and other stock. Cathie Wood's ARK Investment Management has indicated interest in purchasing up to $150 million of the shares, signaling notable institutional interest. The shares are slated to be listed on the New York Stock Exchange under the ticker symbol 'CRCL'.
The IPO represents a pivotal moment for Circle, as it seeks to capitalize on the growing confidence in the crypto market and the stablecoin sector. The company's USDC stablecoin has roughly $62 billion in circulation, comprising about 27% of the total stablecoin market cap. This public offering will provide capital for the company's continued growth and expansion in the digital asset economy.
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