Circle Debuts IPO at $31 a Share, Pegging Company’s Worth at $6.9 Billion

Circle IPO Prices at $31, Cementing $6.9B Valuation as Stablecoin Issuer Enters Public Markets

In a major step forward for crypto-financial integration, Circle has priced its initial public offering at $31 per share, giving the USDC stablecoin issuer a fully diluted valuation of $6.9 billion.

The IPO, which included the sale of approximately 34 million shares, closed well above the originally marketed range of $24 to $26. Of the total shares offered, nearly 10 million came directly from Circle, with the remainder offered by existing shareholders. Trading is set to begin Thursday on the New York Stock Exchange under the ticker CRCL.

The listing comes at a pivotal moment for the digital asset sector, with regulatory momentum building around stablecoins and broader crypto policy. USDC, Circle’s flagship product, has grown into a core utility for crypto trading, remittances, and DeFi applications—often viewed as a bridge between blockchain innovation and traditional finance.

Circle’s path to going public hasn’t been without hurdles. A prior attempt via a SPAC merger in 2021 collapsed, but the firm remained steadfast in its pursuit of a public listing. This successful IPO not only delivers new capital but also grants Circle a strategic foothold in regulated financial markets.

Lawmakers are increasingly zeroing in on stablecoins, with bipartisan efforts underway in the Senate to introduce a framework requiring dollar-backed reserves and federal oversight. In a recent interview, Senator Bill Hagerty emphasized that regulation could provide both investor protection and payment innovation, calling the current legislative push “transformational.”

With this IPO, Circle is positioning itself not just as a crypto company—but as a financial infrastructure player ready to compete in the regulated economy.