CIRCLE PRICES IPO AT $31 PER SHARE, VALUATION AT $6.9 BILLION

Summary from the TLDR Crypto newsletter

Circle priced its NYSE IPO at $31 per share, above the original $24–$26 range, selling roughly 34 million shares to raise $1.1 billion and achieve a $6.9 billion valuation. The stablecoin issuer, known for USDC, will begin trading under the ticker “CRCL” on Thursday, marking the second major crypto IPO under the Trump administration. Circle's public debut provides access to deeper capital markets and heightened regulatory scrutiny amid legislative momentum for clearer stablecoin rules. This offer follows an aborted SPAC attempt in 2021.