Circle Targets $26 Per Share in Long-Awaited NYSE Comeback

Stablecoin giant Circle isn’t whispering—it’s shouting its return to Wall Street with a $24-$26 price tag. The crypto infrastructure player just dropped its NYSE filing like a mic, betting big on institutional appetite for blockchain’s quietest cash cow.

No hype, no memes—just cold hard fiat-pegged ambition. Will traditional finance bite, or is this another ’Web3 IPO’ destined to trade sideways? Either way, the suits are finally admitting stablecoins print money—just slower than their hedge funds.

Founders to retain control in Circle

Circle’s founders, Jeremy Allaire and Sean Neville, will own a controlling share of Class B stock, which carries five votes per share. This means they will retain disproportionate governing influence even as more shares are issued. Still, Circle will not be considered a “controlled company” under NYSE rules. Public company governance requirements, including transparency obligations, will continue to apply.

Unlike initial coin offerings, IPOs require an arduous process of financial audits, ensuring that the company’s business is transparent. This marks Circle’s second attempt at going public, which began with an April 1 S1 FORM filing, giving investors full disclosure of the company’s finances.

Circle’s earlier attempt at going public in late 2022 fell through. At the time, the stablecoin issuer pursued a SPAC merger, but the Securities and Exchange Commission failed to ratify the deal before the deadline.