Circle prices IPO at $31 per share, raising $1.1 billion with a valuation of $6.2 billion

ChainCatcher news, according to CoinDesk, stablecoin issuer Circle has completed its IPO on the New York Stock Exchange at $31 per share, exceeding the original expected pricing range ($24-26), raising $1.1 billion, and achieving a valuation of $6.2 billion. The stock code is "CRCL," and trading will begin on Thursday.

The IPO originally planned to issue 24 million shares but was expanded to over 34 million shares due to surging demand. Circle issues USDC, the second-largest stablecoin in the U.S., and its listing comes at a time when U.S. lawmakers are pushing for stablecoin regulatory legislation.