Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Circle IPO debuts strong as CRCL gains over 120% on day 1
Share
  • bitcoinBitcoin(BTC)$105,891.06
  • ethereumEthereum(ETH)$2,522.43
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.18
  • binancecoinBNB(BNB)$652.39
  • solanaSolana(SOL)$150.78
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.184232
  • tronTRON(TRX)$0.285473
  • cardanoCardano(ADA)$0.67
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Tether > Circle IPO debuts strong as CRCL gains over 120% on day 1
CryptoTether

Circle IPO debuts strong as CRCL gains over 120% on day 1

admin
Last updated: 06/06/2025 2:27 Sáng
admin
Published 06/06/2025
Share


Contents
A hot startReactions and outlook

Circle Internet Group, the issuer of the USDC stablecoin, launched its long-awaited initial public offering in late May and shares soared on its trading debut on June 5.

Circle upsized the deal and priced 34 million shares at $31 each, raising about $1.1 billion. The company was valued at $6.8 billion before trading began, or roughly $8 billion on a fully diluted basis. Circle originally planned a smaller offering of 24 million shares in the $24–$26 range, later raised to $27-$28, but strong demand drove the final size and price above those ranges.

The offering ranks as one of the largest crypto-related listings since Coinbase’s Nasdaq debut in 2021.

A hot start

Circle’s stock began trading on the New York Stock Exchange under the ticker CRCL on June 5. The debut saw a surge in price with shares opening around $69.50 (up 124% from the $31 IPO price) and traded as high as $103.75. This sharp gain signals strong investor appetite for a crypto firm’s listing.

For comparison, Coinbase’s 2021 had an initial reference price of $250 and closed its first day near $328. Shares completely lost any post-IPO momentum and are now sitting at $245. However, the stock bottomed in 2023 at $31.55.

Is Circle doomed to see a similar fate? Analysts aren’t convinced. For starters, Circle’s core stablecoin, USD Coin (USDC), is already one of the world’s largest cryptocurrencies with roughly $60–61 billion in circulating supply, and is second only to Tether.

USDC’s adoption by exchanges, payment providers, and banks has made Circle a key player in digital finance. The firm’s financial track record is also stronger than many crypto startups. Notably, it reported $1.68 billion in revenue for 2024. Circle’s net income was $155.7 million last year, which was down from $267.5 million in 2023.

Regardless, the company is profitable, which is a rarity among crypto-native firms. One would expect that support from the crypto friendly White House will translate to rising profits over the coming years.

Reactions and outlook

Market commentators have praised Circle’s move as a sign that crypto firms can meet “investor and regulatory expectations.” Roshan Robert, U.S. CEO of the OKX exchange, told crypto.news in a statement that Circle’s IPO represents “a major milestone, not just for stablecoins,” adding that it “demonstrates that crypto firms can operate transparently and compliantly in U.S. markets.”

Robert also noted that IPO readiness is no longer theoretical but strategic, adding that OKX is building with a long-term mindset focused on compliance and growth.

He noted the IPO “tests whether [public markets] are truly ready to meet investor and regulatory expectations,” and that companies like Circle are “helping define what [IPO] readiness looks like.”

Circle itself has emphasized transparency in its S-1 filings, noting that going public will subject it to U.S. securities laws and rigorous disclosures “designed to engender trust” from banks, enterprises and regulators.

Circle’s success also shines a light on the regulatory environment. Policymakers in Washington have been debating stablecoin rules as Circle prepared its IPO. The company’s strong debut may reinforce the case for clearer oversight of digital dollars, since Circle can now prove it can manage the scrutiny that public companies are subject to.

If Circle maintains compliance and growth, it may indeed “open public markets” wider to more digital-asset businesses, as Robert noted.

.

You Might Also Like

Pi Network breaches key support as rebound catalysts emerge

GRASS crypto dips over 9%, but analysts believe it could be poised for a breakout

AAVE price bounces from $240 as whales accumulate, but momentum shows signs of weakness

Wyoming taps Inca Digital for security of state-issued stablecoin

Champions League finalist Paris Saint-Germain announces Bitcoin treasury

TAGGED:CircleCRCLDaydebutsgainsIPOstrong

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Tether expands presence in Africa with investment in Shiga Digital
Next Article Sui price down 14% in a week as ETF uncertainty and macro risks hurt sentiment
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Circle’s $1.1b IPO, IOST’s $21m raise
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?