Circles Stock Debuts with a Stunning 168% Surge на NYSE

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

In pre-market trading, CRCL increased by another 11.6% from the closing price, reaching $92.5 at the time of writing. The trading volume was reported at $47 million, with a market capitalization exceeding $16.7 billion.

Following the IPO, the company raised $1.1 billion—almost double the initial target. Media reports indicate that after the stock offering, the issuer of USDC was valued at $6.9 billion.

According to the SEC’s S-1/A filing, the largest external shareholders in the company include General Catalyst (holding 8.9% of shares prior to the offering) and IDG Capital (8.8%). Other notable venture investors include Accel, Breyer Capital, and Oak Investment Partners.

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

As of the latest data, CRCL ranks 10th by volume in the ARKK fund (4.4%/$251.8 million), 8th in ARKW (4.4%/$77.2 million), and 7th in ARKF (4.3%/$44.5 million). The main assets of these funds include Tesla, the Ark Invest Bitcoin ETF, and Shopify, constituting 10.3%, 8.2%, and 9% respectively.

This successful market entry came three years after the company’s prior attempt. In 2022, Circle aimed to merge with the SPAC Concord Acquisition Corp in a reverse merger valued at $9 billion, but that deal ultimately fell through.

It’s worth noting that in April 2025, Borderless CEO Kevin Lechtinitti cautioned Circle about the potential risks of weakening its position following the stock release.