Circle Shares Indicated at $50/$52 Versus $31 IPO Price
- Circle stock opened up to 68% above its $31 IPO price, indicating strong investor demand.
- Circle’s USDC holds a $61.5B market cap, second to Tether, but shows consistent revenue growth.
- Analyst Jacob Zuller expects Circle’s market share to reach 40% if U.S. stablecoin regulation advances.
Circle Internet Group priced its initial public offering (IPO) at $31 per share on June 4, 2025, above its revised target range of $27 to $28. The crypto firm is now set to begin trading on the New York Stock Exchange under the ticker symbol, CRCL.
Early premarket indications for the stock show a price between $50 and $52, reflecting a 61% to 68% increase over the IPO price.
“Massively Oversubscribed” Offering Raises $1.1 Billion
The IPO raised nearly $1.1 billion and gave Circle a market capitalization of approximately $6.8 billion at the offering price. Including options and underwriter purchases, the valuation rises to around $8 billion. One trading executive said that the offering was “massively oversubscribed,” suggesting that demand exceeded the 34 million shares offered.
Circle’s listing comes as crypto assets recover. Bitcoin has gained over 35% s…
The post Circle Shares Indicated at $50/$52 Versus $31 IPO Price appeared first on Coin Edition.
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Circle Shares Indicated at $50/$52 Versus $31 IPO Price
- Circle stock opened up to 68% above its $31 IPO price, indicating strong investor demand.
- Circle’s USDC holds a $61.5B market cap, second to Tether, but shows consistent revenue growth.
- Analyst Jacob Zuller expects Circle’s market share to reach 40% if U.S. stablecoin regulation advances.
Circle Internet Group priced its initial public offering (IPO) at $31 per share on June 4, 2025, above its revised target range of $27 to $28. The crypto firm is now set to begin trading on the New York Stock Exchange under the ticker symbol, CRCL.
Early premarket indications for the stock show a price between $50 and $52, reflecting a 61% to 68% increase over the IPO price.
“Massively Oversubscribed” Offering Raises $1.1 Billion
The IPO raised nearly $1.1 billion and gave Circle a market capitalization of approximately $6.8 billion at the offering price. Including options and underwriter purchases, the valuation rises to around $8 billion. One trading executive said that the offering was “massively oversubscribed,” suggesting that demand exceeded the 34 million shares offered.
Circle’s listing comes as crypto assets recover. Bitcoin has gained over 35% s…
The post Circle Shares Indicated at $50/$52 Versus $31 IPO Price appeared first on Coin Edition.
Read More
5 Altcoins That Could See Huge Growth Thanks to the New Genius Act