- Circle stock opened up to 68% above its $31 IPO price, indicating strong investor demand.
- Circle’s USDC holds a $61.5B market cap, second to Tether, but shows consistent revenue growth.
- Analyst Jacob Zuller expects Circle’s market share to reach 40% if U.S. stablecoin regulation advances.
Circle Internet Group priced its initial public offering (IPO) at $31 per share on June 4, 2025, above its revised target range of $27 to $28. The crypto firm is now set to begin trading on the New York Stock Exchange under the ticker symbol, CRCL.
Early premarket indications for the stock show a price between $50 and $52, reflecting a 61% to 68% increase over the IPO price.
“Massively Oversubscribed” Offering Raises $1.1 Billion
The IPO raised nearly $1.1 billion and gave Circle a market capitalization of approximately $6.8 billion at the offering price. Including options and underwriter purchases, the valuation rises to around $8 billion. One trading executive said that the offering was “massively oversubscribed,” suggesting that demand exceeded the 34 million shares offered.
Circle’s listing comes as crypto assets recover. Bitcoin has gained over 35% since early April. Coinbase and Robinhood shares have also climbed. Market optimism follows recent statements from President Donald Trump and SEC Chair Paul Atkins, who both support digital currencies and less aggressive regulation.
Analyst Sees Circle Gaining Market Share as GENIUS Act Advances
Meanwhile, Circle issues USD Coin (USDC), a stablecoin pegged to the U.S. dollar. It holds a market cap of $61.5 billion, behind Tether’s USDT at $153.8 billion. USDC’s value remains close to $1 due to its dollar backing. Despite lower volume, Circle remains profitable from interest on reserves and has shown consistent growth in earnings and revenue.
Related: Brad Garlinghouse Clarifies There Is No Ripple-Circle Deal, Raising Questions on XRP Pump
Analyst Jacob Zuller from Third Bridge said Circle could benefit from the proposed GENIUS Act, a bill aiming to regulate stablecoins in the U.S. Unlike Tether, which recently moved to El Salvador, Circle is based in New York City. Zuller believes clearer rules could help Circle expand its market share from 28% to 40%.
Related: Jack Dorsey Champions Bitcoin Use While Musk’s “Safe Word” Tweet Stirs Discussion
Circle’s performance may influence future listings from crypto firms. eToro Group and Galaxy Digital have already entered public markets. If CRCL trades strongly on its debut, other blockchain companies could follow with IPO plans.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
