Circle Eyes $7.2 B Valuation in IPO as USDC Demand Surges
Circle targets $896M IPO with 32M shares on NYSE under ticker “CRCL” amid strong investor demand. Share price range raised to $27–$28, signaling increasing confidence in stablecoin firms. Circle’s USDC gains traction as stablecoin regulation nears; adoption grows among institutions. Q1 revenue hit $557.9 M from Treasury yields, but expenses rose 68.2% due to distribution expenses. Favorable U.S. policies under Trump boost crypto belief, supporting Circle’s public debut. Circle Web Financial is preparing to introduce its public listing on the New York Stock Exchange this week. As interest rates remain elevated, Circle’s revenue outlook has improved. However, Circle’s expenses have also climbed significantly. Circle now intends to capitalize on that optimism with its listing.
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