Circle IPO: Stock price today as stablecoin company makes long-awaited NYSE debut

Circle Internet Financial Group, a New York-based company led by CEO Jeremy Allaire, is making its initial public offering (IPO) on the New York Stock Exchange (NYSE) today at $31 a share. Circle is the issuer of USDC, the second-largest stablecoin globally, tied to the US dollar, and also offers EURC, a stablecoin tied to the Euro. The company will trade its stock under the ticker CRCL and is expected to close tomorrow. Circle is offering 14.8 million shares, while stockholders are selling 19.2 million shares, and underwriters have 30 days to purchase 5.1 million additional shares. The company is set to raise $1.1 billion in its IPO, valuing it at $6.9 billion, which could increase to $8.1 billion once all shares are diluted. Despite market volatility, other big names such as Klarna, Discord, and Figma are still expected to make IPOs this year. Digital banking services startup Chime Financial is also expected to list on the Nasdaq as soon as next week. Circle's IPO is highly anticipated, and its listing is expected to be a significant event in the financial market. The company's stablecoin business has been growing rapidly, and its IPO is expected to provide a boost to its growth plans.