- Circle plans to raise $624M through a 24M share IPO priced between $24 and $26 each.
- ARK Investment may purchase $150M worth of shares in Circle’s upcoming NYSE IPO.
- Circle targets a $6.7B valuation as it prepares to list under the ticker symbol CRCL.
USDC stablecoin issuer Circle Internet Group has initiated an IPO on the New York Stock Exchange(NYSE) to raise up to $624 million. The company confirmed the listing in a filing with the U.S. Securities and Exchange Commission (SEC) on May 27.
The offering includes 24 million Class A common shares, with 9.6 million from Circle and 14.4 million from existing stakeholders. The proposed price range is $24 to $26 per share, under the ticker symbol “CRCL.” If priced at the upper limit, Circle would generate nearly $250 million from its portion of the sale, while stakeholders could earn close to $375 million.
Circle Targets $6.7 Billion Valuation with Strong Backing
According to the IPO filing, Circle’s fully diluted valuation is estimated at $6.7 billion. The decision to launch an IPO comes after the company has tried several times to go public. The company announced a SPAC merger in 2021 and then ended it. In April 2025, the company filed an S-1 with the SEC to take a direct path toward becoming publicly listed.
The IPO has attracted attention from institutional investors. ARK Investment Management, led by Cathie Wood, has shown interest in acquiring up to $150 million worth of shares. Due to this level of involvement from major institutions, stablecoin companies are receiving a boost in confidence.
J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are among the financial institutions overseeing this offering, and they are all serving as joint lead book-runners.
Circle’s Role in the Crypto Ecosystem and Past Buyout Interest
USDC the digital token backed by the US dollar from the company plays a major role in the cryptocurrency market. Data from CoinGecko shows over $6.8 billion in 24-hour trading volume. The token ranks as the fourth-largest cryptocurrency by volume and has a current market capitalization of $61.5 billion.
Since launching USDC in 2018 alongside Coinbase under the Centre Consortium, the company has expanded its role as a central player in crypto finance. Following the dissolution of the consortium Coinbase took a direct equity stake in the company in August 2023.
The company has also attracted acquisition interest. In April 2025, reports surfaced that Ripple proposed a $4 to $5 billion offer to acquire Circle. That proposal was reportedly declined due to valuation disagreements.
