Circles IPO Soars: Shares Surge 168% on First Trading Day

On June 5, the shares of Circle were listed on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. During the first day of trading, the stock surged by 168%, rising from $31 to $82.

In pre-market trading, CRCL gained an additional 11.6% from the closing price, reaching $92.50 at the time of writing. The trading volume was $47 million, with a market capitalization exceeding $16.7 billion.

As a result of the initial public offering (IPO), the company raised $1.1 billion — nearly double the initial target. According to media reports, the issuer of USDC was valued at $6.9 billion following the stock placement.

According to the S-1/A form filed with the SEC, the largest external shareholders of the company are General Catalyst (holding 8.9% of shares prior to the IPO) and IDG Capital (owning 8.8%). Other notable venture capital investors include Accel, Breyer Capital, and Oak Investment Partners.

Following Circle’s debut on the stock market, Ark Invest, led by Cathie Wood, acquired 4.48 million shares of CRCL for $373.4 million across three of its funds.

As per recent data, CRCL ranks 10th in the ARKK fund (4.4% or $251.8 million), 8th in ARKW (4.4% or $77.2 million), and 7th in ARKF (4.3% or $44.5 million). The primary assets in these funds include Tesla, the Ark Invest Bitcoin ETF, and Shopify, representing shares of 10.3%, 8.2%, and 9%, respectively.

This successful market entry follows a three-year gap since the company’s previous attempt. In 2022, Circle had aimed to merge with SPAC Concord Acquisition Corp via a reverse merger, valuing the deal at $9 billion, but that transaction ultimately fell through.

Additionally, in April 2025, Kevin Lehtinitty, CEO of Borderless, warned Circle about potential risks to its position following the stock issuance.