Afternoon all
$CRCL (Circle Internet Group Inc) IPO TODAY
I'm interested in taking a position in Circle, but I fear it going to open at something like $50 and I really don't want to be part of a hype chase if that's what we see today.
I think stablecoins are going to be big in the coming years, and Circle can be sizeable player in this market, but I'm wary of how attractive the margins can be from slim transaction fee's, especially when more stablecoins are probably coming (post GENIUS act) and it could become a very competitive marketplace.
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Today, June 5, 2025, Circle Internet Group, the company behind the USDC stablecoin, officially went public on the New York Stock Exchange (NYSE) under the ticker symbol $CRCL (Circle Internet Group Inc). Here’s what you need to know:
What They Do: Circle issues USDC, a digital currency tied to the U.S. dollar, making it a "stablecoin" used for fast, secure payments and trading in the crypto world.
IPO Details: Circle priced its shares at $31 each, higher than the expected range of $27-$28, showing strong demand. They sold more shares than planned—over 32 million—raising around $880 million.
Company Value: The IPO gives Circle a market value of about $6.8 billion, reflecting investor excitement about stablecoins and crypto’s future.
Why It Matters: With $62 billion of USDC in circulation, Circle is a big player in crypto. Going public could help it grow, especially as more people and businesses use digital payments.
Investor Buzz: Demand was huge, with the IPO oversubscribed by 25 times, and big names like JPMorgan, Citigroup, and Goldman Sachs backed the deal.
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They are not making money from transaction fees buddy, its very profitable. Check Tether its the most profitable company as they are making 500 mil $ profit per employee... Show More
Did you go in in the end? I had the same interest but also the same doubts and held back. I started holding $COIN (Coinbase Global Inc) when it went IPO, with high hopes, but it’s been a bit of a messy and volatile ride so far with little to no gains. Just up and down in the waves it seems. Now I’ve... Show More
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