On June 5, Circle’s shares were listed on the NYSE under the ticker CRCL. On the first day of trading, the stock price soared by 168%, from $31 to $82.
In pre-market trading, CRLC added another 11.6% from the closing price, reaching $92.5 at the time of writing. The trading volume amounted to $47 million, and the market capitalization exceeded $16.7 billion.
As a result of the IPO, the company raised $1.1 billion—nearly double the initial target. According to media reports, the issuer of USDC was valued at $6.9 billion following the ordinary share offering.
According to the S-1/A form filed with the SEC, the company’s largest external shareholders are General Catalyst (8.9% of shares pre-offering) and IDG Capital (8.8%). Other major venture investors include Accel, Breyer Capital, and Oak Investment Partners.
Following Circle’s market debut, Cathie Wood’s Ark Invest acquired 4.48 million CRLC shares worth $373.4 million for three of its funds.
According to current data, CRCL ranks 10th by volume in the ARKK fund (4.4%/$251.8 million), eighth in ARKW (4.4%/$77.2 million), and seventh in ARKF (4.3%/$44.5 million). The main assets of these funds, Tesla, Bitcoin ETF Ark Invest, and Shopify, hold shares of 10.3%, 8.2%, and 9%, respectively.
The successful market entry occurred three years after the company’s previous attempt. In 2022, Circle planned to merge with SPAC Concord Acquisition Corp through a reverse merger valued at $9 billion, but the deal fell through.
In April 2025, Borderless CEO Kevin Lehtinitty warned Circle of the risks of weakening its position following the share issuance.