Circle Internet Group went public with a $1.1 billion IPO, selling 34 million shares at $31 each on the NYSE, exceeding investor expectations.
The offering was significantly larger than initially planned, growing from $600 million at a $5 billion valuation due to strong institutional demand.
The successful IPO follows other crypto companies going public and comes as Congress advances stablecoin regulation through the GENIUS Act.
Circle's IPO success reflects growing interest in stablecoins, with the market validation and strategic positioning indicating a positive outlook for the stablecoin market.