From Yahoo Finance: 2025-05-27 10:45:00

Circle Internet Group, issuer of USDC stablecoin, plans to go public with an IPO on NYSE under ticker symbol “CRCL.” The IPO price is set at $24-$26 per share. USDC is pegged 1:1 to the USD and occupies 25% of the stablecoin market, worth $2.47 billion.

Circle offers 24 million shares of Class A common stock, with 9.6 million from the stablecoin issuer and 14.4 million from selling stockholders. Underwriters may purchase an additional 3.6 million shares to cover over-allotments within 30 days. JPMorgan, Citigroup, and Goldman Sachs are lead active bookrunners.

This decision marks a significant milestone for the crypto industry, following Coinbase’s listing on the S&P 500 in 2021. Circle applied with the SEC in April for the IPO and denied reports of acquisition by Ripple or Coinbase. The stablecoin market is dominated by USDC with a 25% share, while Tether’s USDT holds 60%.

Read more: Stablecoin issuer Circle files to go public