Circle IPO Explodes With 168% Surge and $16 Billion Valuation

Circle Internet Financial's stock debut became the talk of Wall Street as shares nearly tripled on their first trading day. The USDC stablecoin issuer closed at $83.23 after pricing its IPO at $31, achieving a $16.7 billion market capitalization that dwarfs its last private valuation of $7.7 billion.

The $1.05 billion offering marks the largest crypto-related public listing since Coinbase's 2021 debut. Trading volumes hit 47.1 million shares with intraday swings between $66.60 and $103.75, reflecting intense investor interest in digital asset infrastructure plays.

This explosive reception signals renewed confidence in stablecoins following 2022's market turmoil. As the second-largest stablecoin operator, Circle's successful listing underscores institutional recognition of blockchain-based payment systems.