Circle files for IPO on NYSE under CRCL ticker, seeks to raise $624 million
In a major step toward public markets, stablecoin issuer Circle Internet Group Inc. has filed for an initial public offering (IPO) on the New York Stock Exchange.
The fintech firm behind USD Coin (USDC), one of the world’s largest stablecoins, plans to list under the ticker symbol “CRCL.”
According to its filing, Circle is offering 24 million shares of its Class A common stock, priced between $24 and $26 per share. Of these, 9.6 million shares are being sold by the company, while 14.4 million are being offered by existing stakeholders. Underwriters may also purchase an additional 3.6 million shares, potentially raising total proceeds to approximately $624 million.
A milestone for Circle and stablecoins
The IPO filing signals a significant moment not just for Circle, but also for the broader digital asset space. USDC, a fully backed dollar-pegged stablecoin, has become a core pillar in decentralized finance (DeFi), with wide adoption across exchanges, wallets, and payment platforms. Listing on the NYSE is poised to bring Circle closer to institutional legitimacy and regulatory transparency.
Leading the offering are heavyweight financial institutions J.P. Morgan, Citigroup, and Goldman Sachs, all serving as joint lead active bookrunners. Additional support is being provided by Barclays, Deutsche Bank, and Société Générale, along with a consortium of co-managers and junior co-managers. This breadth of backing highlights growing institutional interest in crypto-native financial infrastructure.
What to watch next
Though the listing date has yet to be finalized, Circle’s move could help shape the evolving relationship between crypto firms and public capital markets. The IPO comes after a previously failed SPAC merger in 2021, underscoring the firm’s long-standing ambitions to go public. Recently we wrote that Ripple offered to buy Circle for 5 and then for 11 billion dollars, but Circle rejected the offer.
If successful, Circle’s listing may pave the way for other stablecoin issuers and crypto firms seeking public market access amid regulatory scrutiny.
With USDC playing a vital role in crypto payments and decentralized ecosystems, the outcome of this IPO will be closely watched by investors, regulators, and the crypto community alike.
We also reported earlier that Circle debuts USDC-based remittance platform amid stablecoin growth.
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