Circle officially went public on the NYSE on June 5, 2025, offering 34 million Class A common shares at $31 per share, closing at $83.23 on the first day, a rise of approximately 168%, with market capitalization reaching $18-21 billion. Three major investment banks - JPMorgan, Citigroup, and Goldman Sachs - served as lead underwriters, with a 30-day greenshoe option for price stabilization and additional allocation.
Historically, Circle attempted to go public via SPAC in 2022 with an estimated valuation of $9 billion but was ultimately abandoned due to unfavorable regulatory and market conditions. This successful listing reflects both cautious pricing and market maturity.
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