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Circle's Stock Price Soars Over Threefold on IPO Day, Bitcoin Plummets

2025/06/06 09:05 (Updated 2025/06/06 10:01)
CoinPost
Written by L.Kikutani
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Circle's Stock Price Soars Over Threefold on IPO Day, Bitcoin Plummets

More Than Tripling from IPO Price

On the evening of the 5th, Japan time, Circle Internet Group (CRCL), the issuer of the cryptocurrency stablecoin USDC, commenced its initial public offering, with its stock price surging to over $103.75. This represents a significant increase from the public offering price of $31.

Through this IPO, Circle raised approximately $1.1 billion (about 160 billion yen). The company and existing shareholders sold 34 million shares at $31 each, surpassing initial fundraising expectations. The price range was initially set between $24 and $26, later adjusted to $27 to $28, before finally being set at $31.

Related: Stablecoi...

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.