Circle’s CRCL Listing Beats Estimates Before NYSE Debut
Circle, the stablecoin issuer, has raised $1.1 billion in its public offering, surpassing its $896 million target. The company priced its shares at $31, above the initial marketing range, signaling strong investor demand ahead of its NYSE debut under the symbol CRCL.
The oversubscribed offering highlights growing institutional confidence in cryptocurrency-adjacent businesses. Circle's USDC stablecoin, the second-largest by market capitalization, has become critical infrastructure for crypto markets and decentralized finance.