Stablecoin issuer Circle Internet Group has marked its entry into the public market with its stock opening at $69.

These stocks began trading under the New York Stock Exchange "CRCL" on June 5, 2025.

The opening price is more than twice the IPO price of $31 per share.

The company filed a registration statement with the Securities and Exchange Commission in April with the SC on the U.S. SEC.

Reuters reported that it received a $10.5 billion IPO with some existing investors, with 34 million shares sold for $31 each, exceeding the target range of $27-28.

Circle divested 14.8 million shares in its IPO, while shareholders who sold the shareholders owned 19.2 million shares.

Related to the product, Circle also grants underwriters a 30-day option to purchase up to 5.1 million Class A common shares to cover overdistribution.

JP Morgan, Citigroup and Goldman Sachs & Co. LLC is the co-active bookkeeper of the product.

Other financial institutions involved include Barclays, Deutsche Bank Securities and Societe Generale as bookkeepers, BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander and Santander.

Americat Securities, Drexel Hamilton, Mischler Financial Group and Roberts & Ryan were appointed as junior co-managers.

Circle operates a stable network that issues USDC and EURC Stablecoins through regulated branches.

The company reported revenue and reserve revenue of $1.68 billion last year, up from $1.45 billion in 2023.

Previously, in 2021, Circle sought to go public through a special purpose acquisition company (SPAC) merger, which stopped due to the SEC's failure to obtain approval.

The company abandoned this approach at the end of 2022 and filed a secret IPO in January 2024.

Circle also transformed its headquarters from Boston to New York in September 2024, and plans to establish a new headquarters at a World Trade Center in early 2025.

“Stablecoin company Circle Made Make NYSE debut” was originally created and published by GlobalData-owned brand Electronic Payments International.

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