Stablecoin issuer Circle Internet Group has marked its foray into the public market, with the stock opening at $69. 

The shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL” on 5 June 2025. 

The opening price was more than double that of the IPO price of $31 per share. 

The company filed a registration statement on Form S-1 with the US SEC for the IPO in April.  

Circle alongside some existing investors garnered $1.05bn in the upsized IPO by selling 34 million shares at $31 each, exceeding the targeted range of $27–$28, reported Reuters. 

The company divested 14.8 million shares in the IPO, while selling stockholders offloaded 19.2 million shares. 

In connection with the offering, Circle also granted the underwriters a 30-day option to buy up to another 5.1 million shares of Class A common stock to cover over-allotments.  

J.P. Morgan, Citigroup, and Goldman Sachs & Co. were joint lead active bookrunners for the offering. 

Other financial institutions involved were Barclays, Deutsche Bank Securities, and SOCIETE GENERALE as bookrunners, with BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co., and Santander as co-managers.  

AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, and Roberts & Ryan have been appointed as junior co-managers. 

Circle operates a stablecoin network, issuing USDC and EURC stablecoins through regulated affiliates.  

The company reported a revenue and reserve income of $1.68bn last year, up from $1.45bn in 2023. 

Previously, in 2021, Circle sought a listing through a special-purpose acquisition company (SPAC) merger, which was halted due to the SEC not granting approval.  

The company abandoned this approach at the end of 2022 and confidentially filed for an IPO in January 2024. 

Circle also transitioned its headquarters from Boston to New York in September 2024.