Circle Internet Group IPO
Tradingprice, listing and company profile
IPO price$31.00Price range: $24.00 – $28.00
Deal size$1.1B34,000,000 shares
Valuation$6.8BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
Circle Internet Group filed IPO documents on May 27, 2025. Confirmed offering terms are shown below.
FiledMay 27
PricingJun 4
First tradeJun 5
Lockup ends—
The short version
Circle Internet Group has traded publicly since 2025-06-05. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
Circle priced 34 million shares at $31 and began NYSE trading on 5 June 2025.
Key takeaway 2
The offering was upsized from the preliminary structure as demand grew.
Key takeaway 3
USDC reserve income and stablecoin circulation are distinct from ordinary software subscriptions.
Company in detail
What happened at the IPO
Circle Internet Group priced its initial public offering at $31.00 per share and began trading on 2025-06-05 on the NYSE under CRCL. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 34,000,000 base shares and an over-allotment option for 5,100,000 additional shares. The upsized deal included new Class A shares and selling-stockholder shares; the company increased the base size before pricing.
Company and products
Circle Internet Group is Financial technology company focused on internet-native money and stablecoins. Its core offering includes USDC, EURC, programmable payments, treasury tools and infrastructure for digital dollars.
Circle’s economics depend on stablecoin circulation, reserve income, distribution partnerships and digital-asset regulation. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Product development, regulatory expansion, working capital and general corporate purposes.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
Dollar digital-currency platform: USDC and EURC stablecoin infrastructure. Circle’s core operating measure is linked to stablecoin circulation and reserve economics rather than conventional account counts.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
Circle was a high-profile public test of whether stablecoin infrastructure could be valued as a financial platform rather than only a crypto asset.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- Regulation, reserve quality and distribution partnerships are central to the equity story.
Operating metrics
Dollar digital-currency platform
USDC and EURC stablecoin infrastructureCircle’s core operating measure is linked to stablecoin circulation and reserve economics rather than conventional account counts.
May 27, 2025Company profile
- Founded
- 2013
- Legal name
- Circle Internet Group, Inc.
- Listing
- NYSE · CRCL
- Headquarters
- New York, New York, United States
- Business
- Financial technology company focused on internet-native money and stablecoins.
- Products
- USDC, EURC, programmable payments, treasury tools and infrastructure for digital dollars.
- IPO structure
- The upsized deal included new Class A shares and selling-stockholder shares; the company increased the base size before pricing.
- Use of proceeds
- Product development, regulatory expansion, working capital and general corporate purposes.
- First trade
- 2025-06-05
- Employees
- No published figure
Timeline
- Public registration filed
Circle Internet Group moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
Circle Internet Group announced a final price of $31.00 per share for the base offering.
- First trading day
The shares began trading on NYSE under CRCL.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
Dollar digital-currency platform
USDC and EURC stablecoin infrastructureCircle’s core operating measure is linked to stablecoin circulation and reserve economics rather than conventional account counts.
Base shares offered
34,000,000Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$31.00per shareFinal public offering price announced on 2025-06-04; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No complete financial history available
Revenue
Financial history unavailableComparable financial periods will appear here when available.
No comparable financial series
Available dated disclosures are included in the company overview. View disclosures →
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Circle Internet Group | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$31.00 per shareFinal public offering price announced on 2025-06-04; this is the offer price, not a current market quote.
Base shares offered
34,000,000Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$1.05BGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$1.1BIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Product development, regulatory expansion, working capital and general corporate purposes.
- structure
- The upsized deal included new Class A shares and selling-stockholder shares; the company increased the base size before pricing.
Key risks
Editorial analysisReserve income
Changes in rates or reserve balances can affect a major revenue source.
Regulatory change
Stablecoin rules may change distribution, reserve and product economics.
Counterparty and custody
Operational trust and reserve management are central to the product.
Crypto cycles
Market activity and liquidity can move quickly during risk-off periods.
Final deal terms
- Ticker
- CRCL
- Exchange
- NYSE
- IPO valuation
- $6.8B
- IPO price
- $31.00
- Price range
- $24.00 – $28.00
- Pricing date
- Jun 4, 2025
- First trading day
- Jun 5, 2025
- Shares offered
- 34,000,000
- Deal size
- $1.1B
- Underwriters
- Not confirmed
- Greenshoe shares
- 5,100,000
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Circle Internet Group IPO: where and how to invest
Where can I invest in the Circle Internet Group IPO?
Circle Internet Group shares have a confirmed trading start on NYSE under the ticker CRCL. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy Circle Internet Group shares now?
Circle Internet Group's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the Circle Internet Group IPO?
Circle Internet Group's confirmed first trading day was Jun 5, 2025. The offering was priced on Jun 4, 2025.
What is the Circle Internet Group IPO share price?
Circle Internet Group's confirmed IPO offer price is $31.00 per share. This is the offering price, not a live stock-market quote.
What is Circle Internet Group's stock ticker and exchange?
The ticker recorded in this profile is CRCL. The exchange recorded here is NYSE.
Can I buy Circle Internet Group shares before the IPO?
The Circle Internet Group offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the Circle Internet Group IPO prospectus?
Check Circle Internet Group's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Circle Internet Group IPO
What does Circle operate?
Circle provides stablecoin and internet-financial infrastructure, including USDC and EURC.
What was the IPO price?
The final IPO price was $31 per share.
Why do interest rates matter?
Reserve income can change with rates and the amount of stablecoin reserves.
What should investors watch?
Circulation, reserve economics, distribution, regulation and product utility.
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