Circle's IPO: $24M Share Offering
Circle Launches Initial Public Offering (IPO)
Circle Internet Group, issuer of the second-largest stablecoin, USDC, has launched its initial public offering (IPO). This follows the company's rejection of speculation regarding a potential sale to Coinbase or Ripple. The announcement was made on Tuesday, May 26, 2025.
Key Details of the IPO
- Total shares offered: 24 million shares of Class A common stock
- Circle's share offering: 9.6 million shares
- Selling stockholders' share offering: 14.4 million shares
- Expected price range: $24.00 - $26.00 per share
- Over-allotment option: Underwriters have a 30-day option to purchase up to an additional 3.6 million shares.
- NYSE listing: The stock will be listed on the New York Stock Exchange under the ticker symbol 'CRCL'.
This IPO marks Circle's second attempt at going public, following an unsuccessful SPAC deal in 2022. The company initially filed with the SEC in early April 2025 for the NYSE listing.
The IPO comes amidst a positive regulatory climate for crypto firms under the current administration. Other major players, like Kraken and Gemini, are also pursuing similar strategies to take advantage of the improved environment.
Earlier reports suggested Circle was considering delaying the IPO due to macroeconomic uncertainty and potential trade disputes. These concerns, along with rumors of acquisition talks with Coinbase and Ripple, were quickly dismissed by Circle, who confirmed its commitment to the IPO.
At Codeum, we provide comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, and tokenomics and security consultation. We also partner with launchpads and crypto agencies. Contact us to learn how we can help secure your blockchain project.