Circle Internet Group, the brains behind the second-largest stablecoin USDC, is rolling out the red carpet for Wall Street with its IPO, offering a whopping 24 million shares of Class A common stock.
Priced between $24.00 and $26.00 per share, Circle could rake in up to $624 million if those shares hit the top end. The company plans to list on the New York Stock Exchange with the snazzy ticker symbol CRCL.
Wall Street Heavyweights Back Circle’s Big Debut
Circle revealed they’re selling 9.6 million shares themselves, while current shareholders are unloading 14.4 million shares. Big-name heavy hitters like J.P. Morgan, Citigroup, and Goldman Sachs are leading the charge, with the usual suspects ready to grab an extra 3.6 million shares if demand spikes.
This IPO signals Circle’s ambition to dip its toes deeper into the traditional finance pool, just as crypto and stablecoins are catching the eye of institutional investors.
Acquisition Rumors Swirl but Circle Marches On
Oh, and the rumor mill? It’s buzzing with whispers about Ripple and Coinbase eyeing a buyout, but Circle’s filing proves they’re ready to dance on their own stage, for now.
BREAKING. It's official:
— Nik (@NikMilanovic) May 27, 2025
Despite rumors of an acquisition by @coinbase or @Ripple, stablecoin issuer @circle files for an initial public offering on the New York Stock Exchange.
Just in time for @thestablecon.
The company will trade under the ticker 'CRCL'. pic.twitter.com/QGy3f9txhS
The company initially filed with the SEC in April but had flirted with delaying the IPO amid market jitters from trade wars. No official pause was announced, though, so the show is officially on.
Gunel Ismayilova
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