Circle's stock soared 168% on Thursday, closing at $83.23, after the stablecoin company priced its NYSE IPO at $31 and raised almost $1.1B in the offering
Shares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.
CNBC Tanaya Macheel
Related Coverage
- Ark Invest buys $373M of Circle shares on debut; trims holdings in Coinbase, Robinhood and own Bitcoin ETF to make room The Block · James Hunt
- Circle shares soar 168% in ‘watershed moment’ for crypto as stablecoins shine DL News · Liam Kelly
- Circle ends NYSE debut up 167% from IPO price Blockworks · Ben Strack
- Circle Spirals Upward in $1 Billion IPO The Daily Upside · Jamie Wilde
- Circle Internet Group Stock Keeps Climbing After Big Debut Yahoo Finance · Bill McColl
- Will government intervention ease China's price war? Fortune · Andrew Nusca
- Just In: ARK Invest Purchases $373M Circle Shares on IPO Day CoinGape · Nynu V Jamal
- Circle Soars 168% In First Day Of Trading On NYSE Following Strong IPO NewsBTC · Ronaldo Marquez
- Stablecoin Issuer Circle Surges 168% in NYSE Debut After IPO Tops Price Expectations Insider Monkey · Vardah Gill
- Circle IPO soars, giving hope to more startups waiting to go public TechCrunch · Marina Temkin
- Circle Stock Surges 168% in Blockbuster NYSE Debut as Stablecoin Giant Goes Public Blockhead
- Circle's supersized IPO delivers hotly anticipated windfall to crypto investors PitchBook · Michael Bodley
- Big Law Hitched Onto Crypto Darling Well Before 168% IPO Pop Bloomberg Law · Roy Strom
- Circle priced its IPO at $31 per share, above its marketed range of $27 to $28, raising nearly $1.1B and valuing the company at ~$6.9B, or ~$8.1B fully diluted Bloomberg · Anthony Hughes
- 1) Huge congrats to Circle, whose IPO this morning on the NYSE (trading under the ticker “CRCL") was epic in many dimensions. To my own surprise, I joined the Board less than a year ago. As someone who is not “crypto native” it took a fair amount of research... and convincing. @elatable · Bradley Horowitz
- Circle's long-anticipated IPO today gives the company a $6.8 billion valuation: and will act as an “accelerant” for the company as it moves … Grace Noto
- Circle IPO's jumps from $30 to over $80....their bankers did them a disservice. Anything more than 25% jump from IPO is money left on the table by the bankers. … Dion Lisle
- Circle trading at $85 up from $31 IPO price. — Every investment bank and CEO is staring at this number right now saying “it's go time” … Jason Yanowitz
- Stablecoin Issuer Circle Goes Public with IPO Priced at $31 a Share — Circle Internet Group, issuer of the world's second largest stablecoin … Joel Baglole
- Circle pricing at $52/share implies $12.6B enterprise value. — That's nearly 2.5x what Circle was originally going to price. … Jon Ma
- SQUARING THE CIRCLE — Circle is one of the longest running stories in #crypto. — After four years of trying, the stablecoin firm priced … Aman Verjee, CFA
- 🚨 The stablecoin just got unstable... in a good way. — Circle priced its IPO at $31/share, above its expected range, and is heading to the NYSE under the ticker CRCL. … Nik Milanović
- Circle finally went public today, giving extra hope to the crypto industry with its well-capitalized IPO. … Kia Kokalitcheva
- Stablecoin Issuer Circle Soars 168% In IPO Debut Slashdot · BeauHD
Discussion
-
@jerallaire
Jeremy Allaire
on x
I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL! 12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up […
-
@circle
@circle
on x
Circle is now officially a public company, listed on the @NYSE under $CRCL. With @USDC, EURC, Circle Payments Network & more, we're pushing forward a future of frictionless value exchange. We are not just building financial products. We are building the money layer of the [video]
-
@ericjackson
Eric Jackson
on x
[image]
-
@nyse
@nyse
on x
The NYSE welcomes @circle in celebration of its IPO! For over a decade, Circle has connected traditional finance and digital assets, seeking to create a secure, always-on digital economy. $CRCL @jerallaire [video]
-
@ddisparte
Dante Disparte
on x
At @circle, our mission to raise global economic prosperity through the frictionless exchange of value has never wavered, and today I am proud to share that @circle is now a public company, listed on the @NYSE under $CRCL Thank you to all our extraordinary Circlers and trusted [i…
-
@saylor
Michael Saylor
on x
@jerallaire @circle Congratulations, Jeremy — to you and the entire $CRCL team.
-
@coinbase
@coinbase
on x
Huge congrats to our long-time partner @circle on your IPO day. Your opening bell rings for all of crypto this morning. Slowly, then all at once.
-
@brian_armstrong
Brian Armstrong
on x
Congrats to @jerallaire and the entire @circle team on your IPO and reaching ~$30T in lifetime USDC volume! Now more than ever, @USDC is the most trusted stablecoin. Building legitimate, regulated crypto products is tough. Doing so in 2013/14, when Circle was founded, was near…
-
@ddisparte
Dante Disparte
on x
Ringing the @NYSE bell as @circle becomes a public company is a moment I'll never forget. We founded Circle on the belief that internet-native money can transform opportunity today, we double down on transparency, trust & the future of finance. Here's to a future where finance
-
@dan_pantera
Dan Morehead
on x
Massive achievement for @circle and @jerallaire. So happy for them! We've been partnered with Jeremy for over a decade - through three cycles and many hard-fought milestones. Excited to see their continued growth as they help transform the digital economy.
-
@mdudas
Mike Dudas
on x
.@circle finally nailed the landing very happy for my good friends there, including spencer spinnell, who is so old school he doesn't even have a twitter 🤣🤣 he managed me and @sergekass at google wallet for 2.5 years and was the first boss who had to yell at me for my tweets
-
@jgarzik
Sir Jeff Garzik
on x
It was honor to know @jerallaire in the early days of Bitcoin and crypto, and watch his and Sean's vision of internet money grow into what is today Circle and USDC. 👏
-
@adamscochran
Adam Cochran
on x
Come on guys, don't make me have to short Circle... I love them but this price action on listing is crazy! 😅 [image]
-
@usdc
@usdc
on x
Good morning. It's a good day for Circle. [video]
-
@nyse
@nyse
on x
A Full Circle Moment. $CRCL Post-Opening Bell from @circle CEO @jerallaire [video]
-
@novogratz
Mike Novogratz
on x
Congrats to Jeremy and the whole team!!
-
@el33th4xor
Emin Gün Sirer
on x
Congratulations to @jerallaire and the entire @circle crew on a landmark IPO. Bravo! This is a huge win, not just for Circle, but for crypto's legitimacy in traditional markets. Stablecoins are going mainstream!
-
@vishalkgupta
Vishal K. Gupta
on x
The @circle IPO marks another chapter in the long journey for USDC. There are many Circle stories. Circle Pay, OTC, Poloniex, and finally USDC. History will be rewritten many times, but it's important to keep intact the work a small group did to get USDC from 0 to 1. A small [ima…
-
@mdudas
Mike Dudas
on x
you probably don't want to work with the bankers who took circle public at $31 and watched it close day 1 at $86, left more than $1 billion on the table that could be used to operate the business rather than in the bankers' friends' pockets
-
@nyse
@nyse
on x
On a mission to raise global economic prosperity through the frictionless exchange of value. Congratulations to @jerallaire and the @circle team on the new era, starting now. $CRCL [image]
-
@defiignas
Ignas
on x
ERC20 token minter company is listed on TradFi stock exchange. What a big milestone for crypto.
-
@circle
@circle
on x
The first trade bell with Circle's Chief Financial Officer, Jeremy Fox-Geen! $CRCL is now trading on the @NYSE! [video]
-
@circle
@circle
on x
Thank you to all our Circlers and trusted partners around the globe. We have just rung the closing bell at Circle HQ in One World Trade Center to end trading on the @NYSE, but this is just the beginning for Circle. [video]
-
@shanaggarwal
Shan Aggarwal
on x
Congrats to our long-time partners @circle on their public listing today! Important mark of validation for the industry and for @USDC. This is just the beginning — excited to continue to grow our partnership
-
@jasonyanowitz
Yano
on x
Circle trading at $85 up from $31 IPO price. Every investment bank and CEO is staring at this number right now saying “it's go time” Get ready for an onslaught of crypto IPOs. [image]
-
@monetsupply
@monetsupply
on x
@ThinkingUSD circle isnt about revenue (at least for now), its thematic bet on stablecoin growth which is accessible and understandable to normies
-
@chamath
Chamath Palihapitiya
on x
$CRCL IPO was very strong. Wow.
-
@iampaulgrewal
@iampaulgrewal
on x
@jerallaire @circle Congratulations to all our @circle friends!
-
@sandrapersing
Sandra Persing
on x
Today, @circle reached a significant milestone and became a publicly listed company. I'm proud to be part of the team transforming the global financial system.
-
@bgurley
Bill Gurley
on x
No need to highlight each time an IPO is wildly mispriced, as they ALL are. What's shocking is (1) press doesn't recognize it as a failure - they have been taught a pop is good, and (2) SEC doesn't recognize this is inefficient & unnecessary. There is a better, more elegant way.
-
@psneville
Sean Neville
on x
Proud day as @circle co-founder and board director seeing our IPO come to fruition. 12 years ago @jerallaire and I devised Circle over his kitchen table. 8 years ago, we built USDC with a tiny team. So many talented, tireless people have played crucial roles growing USDC and get…
-
@m_c_klein
Matthew C. Klein
on x
Remember that we bailed them out in March 2023 when they were made whole on their ~$3.3bn in uninsured deposits at SVB
-
@danprimack
Dan Primack
on x
If you build it, they will come [image]
-
r/Buttcoin
r
on reddit
Stablecoin issuer Circle soars as much as 235% in NYSE debut after pricing IPO above expected range