Jun 10, 2025
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Circle Raises $1.05 Billion in Major IPO, Shares Surge 168%
Circle, issuer of the USDC stablecoin, completed a successful IPO on June 5, 2025. Key details include:
IPO Highlights
- Offered 34 million shares at $31 each, raising $1.05 billion.
- Started trading on NYSE under ticker "CRCL" at $69, closed at $83.23, marking a 168% gain on the first day.
- Achieved the largest two-day IPO increase since 1980 relative to its IPO price.
Circle (CRCL) shares price | Source: Yahoo Finance
SBI Group Investment
- SBI Holdings and SBI Shinsei Bank invested $50 million in Circle’s stock post-IPO.
- Investment aims to promote USDC in Japan's digital asset market.
Sigil Fund Performance
- Sigil Core Fund achieved nearly 4× returns from investing in Circle before the IPO.
- The IPO was oversubscribed by 25 times, indicating strong investor interest.
Sector Implications
- Circle’s performance suggests readiness for future crypto and fintech IPOs.
- Enhances legitimacy of stablecoins as part of mainstream finance.
- Signals a shift towards compliance-backed crypto ventures amid favorable regulatory changes.
- Caution advised due to potential post-IPO insider share sales affecting momentum.