Circle Internet Group, specializing in digital currencies and blockchains, went public on June 5, 2025. It debuted under ticker symbol CRCL. The IPO was priced at $31 a share, with shares surging over 100% on the first day, hitting a market cap of nearly $60bn albeit brief. Circle was launched in 2013.
This success is significant for the crypto and fintech space.
CEO Jeremy Allaire has previously argued governments and policy makers need to "create more degrees of freedom for innovation to happen".
Allaire was co-founder of Allaire Corporation in 1995 which had an IPO in January 1999, and is hence no stranger to the public markets.
Allaire Corporation was acquired by Macromedia in 2001 after which JA became CTO of Macromedia. He left in 2003 to join General Catalyst as a technologist and executive-in-residence.
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