CRCL Listing: A Milestone for Crypto Finance
Circle’s initial public offering (IPO) raised $1.1 billion via the sale of 34 million shares at $31 per share. Of this, 14.8 million shares were sold directly by Circle, with the remaining 19.2 million sold by existing shareholders, including CEO Jeremy Allaire. At the time of writing, CRCL is trading at $83.23—a staggering 168% above its IPO price.
According to Circle, the company’s vision extends beyond stablecoin issuance. It is building comprehensive payments infrastructure—including the Circle Payments Network—and aims to become a foundational technology provider for the digital finance sector.
Market Impact: US IPO Window Reopens for Crypto
Commenting on the IPO, Casper Johansen, co-founder of Spartan Group, told Decrypt: “The reopening of the U.S. IPO market will have a significant impact across crypto M&A and fundraising. IPOs provide liquidity to early investors, which flows back into the ecosystem via new investments and venture capital fundraising. Public companies also gain new M&A options, paying with cash or their own shares.”