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Circle Raises US$1.05 Billion in IPO Debut, Valued at Over US$8 Billion

  • Circle Internet Group raised US$1.05 billion in its IPO debut, priced above its revised range at US$31 per share.
  • The company, known for issuing USD Coin (USDC), now holds a valuation of approximately US$8.06 billion.
  • Circle's co-CEO Sean Neville stepped down in 2019, leaving Jeremy Allaire to lead the company.
  • Despite a decrease in net income from the previous year, Circle reported US$65 million in profit for Q1 2025.

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