Circle , the issuer of U.S.-backed stablecoin USDC, made a splash with its IPO on June 5, 2025. Here’s everything you need to know in just one minute of reading.
IPO Highlights Market Perception
- Circle offered 34 million shares at $31 each, raising $1.05 billion — one of the largest fintech IPOs since Coinbase in 2021.
- Trading on NYSE under ticker “CRCL” opened at $69, peaked at around $104, and closed at $83.23 on June 4 — a blistering 168%+ first‑day gain. On June 10, it’s $115 at the premarket.
Circle (CRCL) shares price | Source: Yahoo Finance
- It recorded the biggest two-day IPO pop since 1980 relative to its IPO price.
SBI Group Commits $50 Million
- Tokyo-based SBI Holdings and its subsidiary SBI Shinsei Bank invested $50 million in Circle’s stock — $25 million each — soon after the IPO.
- SBI aims to leverage its investment to expand USDC’s footprint in Japan’s emerging digital assets market.
Ripple Partner SBI Holdings SBI Shinsei Bank Invest $50M in Circle, USDC Issuer, Post-NYSE Listing to Boost Digital Asset Adoption in Japan pic.twitter.com/UWfbeGeVF8
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 9, 2025
Sigil’s Core Fund Scores ~4x Return
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- Crypto investment firm Sigil Core Fund turned significant profits from its venture into Circle ahead of the IPO, generating near 4× returns on its position.
- The IPO’s oversubscription — reportedly 25× over demand — amplified these returns and signals robust investor appetite.
How Sigil fund did 500% in a year buying Circle at $5b valuation last summer.
The best trades are sometimes right there in front of your eyes. You just need a good thesis. https://t.co/wmSIn2wtlD
— MrKvak (@MrkvakEth) June 10, 2025
Implications for the Crypto Sector
- Industry Barometer: Circle’s success is being seen as a bellwether for future crypto and fintech IPOs, signaling public-market readiness.
- Stablecoin Legitimacy: Analysts emphasize how Circle’s public entry elevates stablecoins to the status of mainstream financial infrastructure.
- Regulatory Tailwinds: With more clarity unfolding around digital assets and crypto-favorable policies under the Trump administration, Circle’s performance reinforces a broader shift toward compliance-backed crypto ventures.
- Investor Caution: Experts caution on post-IPO lock-up expiry. Insider share sales in 90–180 days could stall momentum, mirroring past tech IPO cycles.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
