Circle Internet Group, Inc. announced the pricing of its upsized initial public offering on June 4, 2025, at $31.00 per share. This price is above the previously expected range of $27 to $28 per share, reflecting strong investor demand. The offering includes 34,000,000 shares of Class A common stock, with 14,800,000 shares offered by Circle and 19,200,000 shares by selling stockholders.
The pricing gives Circle a total market value of $6.8 billion, a significant valuation for a stablecoin issuer entering the public market. In connection with the offering, Circle has granted the underwriters a 30-day option to purchase up to an additional 5,100,000 shares of Class A common stock to cover over-allotments. The shares are expected to begin trading on the New York Stock Exchange on June 5, 2025, under the ticker symbol 'CRCL'.
This successful pricing above the anticipated range underscores the market's enthusiasm for Circle's role in the digital asset ecosystem. The increased number of shares and higher price point demonstrate robust investor confidence in the company's growth prospects and its leadership in the stablecoin market.
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