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Circle had boosted its IPO to a range of $1.05 billion on June 4 as investor demand grew significantly. Stablecoin issuer Circle made a strong entry into the public market on June 5, with its shares climbing 167% on its first trading session on the New York Stock Exchange (NYSE). Under the CRCL ticker, Circle’s shares opened at $31, surging 235% in the first hours of negotiation before closing at $82 at the end of the day. The company’s performance hints at a growing market appetite for stablecoin businesses. The oversubscribed round had some significant tailwinds. On May 28, the world’s largest asset manager, BlackRock, revealed it was eyeing a 10% stake in the IPO. Cathie Wood’s ARK Investment was reportedly interested in buying $150 million worth of shares of the offering. Read more

Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy […] The post Circle makes Wall Street debut as first major stablecoin issuer on NYSE appeared first on CryptoSlate.

Circle, the company behind the USDC stablecoin, has launched its initial public offering (IPO), aiming to raise as much as $624 million on the New York Stock Exchange. The post USDC Issuer Circle Targets Up to $624M in NYSE IPO, Ticker to Be ‘CRCL’ appeared first on Cryptonews.

As part of its 24 million-share IPO, Circle will be offering 9.6 million shares of Class A common stock, while selling stockholders will offer the remaining 14.4 million shares. Circle, the issuer of USDC, the second-largest stablecoin by market capitalization, has launched an initial public offering (IPO) of 24 million shares of its Class A common stock, the company said on May 27. The firm has applied to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. As part of the offering, Circle is issuing 9.6 million shares of Class A common stock, the company said in a news release. The remaining 14.4 million shares of Class A common stock will be offered by selling stockholders. Circle is also expected to grant the underwriters a 30-day option to buy up to an additional 3.6 million shares of Class A common stock to cover over-allotments. Read more