🟢 [CRCL] Circle Goes Public on NYSE Today
📌 Key Event Today
On June 5, 2025, Circle, the company behind USDC, is going public on the New York Stock Exchange (NYSE) under the ticker CRCL.
This IPO marks a significant step as a bridge between the crypto space and traditional finance.
💰 IPO Details
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IPO Price: $31
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Fully Diluted Valuation (FDV): ~$8 billion
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Estimated Initial Market Cap: ~$1.1 billion
While the fully diluted valuation is around $8B, the circulating supply suggests an initial market cap of ~$1.1B.
🧠 Key Highlights
✅ Backed by Institutional Giants
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BlackRock reportedly acquired 10% of the IPO allocation
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ARK Invest is said to be purchasing around $150 million worth
This isn’t just a typical crypto IPO — it's a regulated on-ramp for a major stablecoin player,
and one that is gaining traction from large, institutional players.
📈 Trade Setup: Is It Worth a Shot?
Given its relatively large market cap, we may not see the classic "low float, high squeeze" IPO pattern.
However, the current market has been extremely reactive to anything remotely related to crypto or AI.
We've seen how the mere association with “crypto” can trigger major upside momentum —
and Circle actually has a real product (USDC) and fundamentals to back it.
💬 My Take
Personally, I’m waiting to see how the order book opens before jumping in.
If we don’t see excessive froth right at the open, I think a measured early-entry bet could be worth considering.
📝 Final Thoughts
CRCL's IPO is more than just another listing —
it represents a structural shift where Wall Street begins formally embracing the crypto backbone.
Beyond price speculation, it sends a strong signal about which stablecoins are being institutionalized.
I’ll follow up with another post after the market opens and order flow becomes visible.
