Circle shares rocket nearly 200% above IPO price

Article

Description

Circle’s stock (CRCL) surged nearly 200% above its $31 IPO price, reaching over $90 by early Thursday afternoon. The explosive debut highlights investor confidence in the USDC issuer and growing optimism around the future of regulated stablecoins.

Authors

RT Watson

Publish date

June 5, 2025

Web archive URL

https://archive.is/WE6ou

Web URL

https://www.theblock.co/post/357201/circle-shares-rocket-nearly-200-above-ipo-price

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Circle goes public

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Our transformation into being a public company is a significant and powerful milestone – the world is ready to start upgrading and moving to the internet financial system.Our transformation into being a public company is a significant and powerful milestone – the world is ready to start upgrading and moving to the internet financial system," Circle co-founder and CEO Jeremy Allaire said Thursday in a post on X.

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USDC stablecoin issuer Circle’s shares soared after the company’s initial public offering went live, jumping to over $9o per share as of early afternoon Thursday.

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