Circle’s $1.1 billion IPO shows Wall Street is taking stablecoins seriously, as crypto company’s stock nearly triples

IPO Report

The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range

Last Updated: June 5, 2025 at 4:31 p.m. ET
First Published: June 5, 2025 at 9:00 a.m. ET

Circle Internet Group Inc.’s stock nearly tripled after the stablecoin issuer’s initial public offering on Thursday, in a strong sign that Wall Street is taking digital currencies more seriously.

Circle’s stock CRCL ended trading at $83.23 a share at the closing bell, up 168.5% from its offering price of $31 a share, for the strongest first-day gain in at least four years among larger U.S.-based IPOs.