Circle’s IPO Sees Stock Surge Nearly 200% on NYSE Debut

After pricing its IPO at $31 per share, Circle raised $1.1 billion by selling 34 million shares on the NYSE under ticker CRCL. The stock price surged to $88.88 shortly after trading began.

Led by CEO Jeremy Allaire, Circle transitioned from a crypto payments startup to a fintech giant. Major banks like J.P. Morgan and Goldman Sachs underwrote the IPO, showcasing wide institutional backing.

The stock increase has bolstered confidence in stablecoins like USDC, which Circle operates. This rise underscores Wall Street’s growing interest in the digital currency sector.

Financial institutions back Circle’s strategic initiatives following the IPO, aiming to expand global USDC usage. This reflects increasing acceptance and integration within traditional financial systems.

Previously, Coinbase’s IPO marked a major crypto financial market entry in 2025. Circle’s public offering cements the acceptance of stablecoin infrastructure among investors and institutions.

As stablecoin demand rises, Circle’s listing may drive broader adoption, potentially transforming market dynamics. Data suggests expanded use cases for stablecoins beyond current financial applications.

Chamath Palihapitiya, Venture Capitalist, “Circle has built the entire market structure for stablecoins well before it will formally exist in the U.S.”