Stablecoin firm Circle jumps in market debut
ReutersJun 5, 2025 5:18 PM
Shares of stablecoin firm Circle CRCL.N open ~122.6% above their initial public offering price in company's market debut
Stock opened for trading at $69 per share, vs IPO price of $31
Circle, in a sign of strong investor demand, priced its upsized IPO above its targeted range of $27 to $28 per share
With jump at debut, Circle now valued at nearly $18 bln, on a fully-diluted basis
Circle raised $1.05 bln by selling 34 mln shares at $31 apiece on Wednesday
J.P.Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering
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