Circle, the company behind the second-largest stablecoin USDC, went public on the NYSE under the ticker CRCL, with shares skyrocketing 168% from its $31 IPO price to close at $83.23 on its first trading day. Originally targeting a $28 IPO price, the firm’s valuation surged as investor interest flooded in, with BlackRock reportedly seeking a 10% stake. Circle CEO emphasized their vision of building ‘the money layer of the internet’ through products like USDC, EURC, and their payments network. The stock’s volatile debut reflects growing institutional interest in crypto-adjacent financial infrastructure, though analysts caution about establishing a stable price range post-IPO frenzy.
about Circle's Stock Soars 168% on NYSE Debut as Stablecoin Giant Goes PublicThe Flow Horse
0 posts last weekCircle Targets $7.2B Valuation in Upcoming IPO
Circle, the company behind the USDC stablecoin, is targeting a $7.2 billion valuation in its upcoming IPO, pricing shares at around $28 each. The valuation reflects optimism around crypto-friendly regulations and strong institutional interest, including BlackRock’s plan to acquire 10% of the shares. Analysts suggest the IPO could be undervalued, with potential for long-term growth. USDC, the second-largest USD-pegged stablecoin, aims to maintain a 1:1 value with the dollar, distinguishing itself from more speculative crypto assets like memecoins. The IPO is set for June 5, with BlackRock already serving as the reserve manager for USDC’s backing assets.
about Circle Targets $7.2B Valuation in Upcoming IPOMassive Liquidations in Crypto Market as Bitcoin Hits New Low
The crypto market faced significant liquidations, totaling $716 million, as Bitcoin dipped to a new 2025 low of approximately $89,800. Analysts express mixed sentiments, with some remaining bullish if Bitcoin holds above $92,000, while caution is advised due to emerging negative signals and increased volatility risks. Ethereum also saw a decline, trading at $3,019, down 8.1% in the last 24 hours.
about Massive Liquidations in Crypto Market as Bitcoin Hits New Low