Circle Internet Financial is ramping up its IPO plans, now targeting a $7.2 billion valuation as investor interest heats up. The company aims to raise $896 million by selling 32 million shares, with pricing bumped to $27–$28 each from an earlier $24–$26 range.
Best known as the issuer of USDC—the second-largest stablecoin—Circle has seen its Treasury income jump 55.1% in Q1 2025, reaching $557.9 million. This IPO follows a canceled $9 billion SPAC deal in 2022, but strong backing from firms like BlackRock signals renewed market confidence.
As stablecoins gain traction beyond crypto trading, Circle is positioning itself at the forefront of the shift. Standard Chartered predicts a tenfold surge in the stablecoin market by 2028, while a recent survey shows B2B use now leads transaction volumes.
Circle will list on the NYSE under the ticker CRCL, though no firm IPO date has been set. Despite reports of acquisition interest from Coinbase and Ripple, Circle confirmed it isn’t entertaining any M&A deals for now.
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