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

2025/06/06 09:05 (Updated 2025/06/06 10:01)
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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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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
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MAGAZINE

Iolite Vol.15

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