Circle plans $1.3B stock sale, four times IPO price

Circle plans $1.3B stock sale, four times IPO price originally appeared on TheStreet.

Circle (NYSE: CRCL), the issuer of the USDC stablecoin, announced plans for a secondary stock sale of 10 million Class A shares at $130 each — more than quadruple its June IPO price of $31.

In a filing with the U.S. Securities and Exchange Commission, the company said it will sell 2 million shares itself, while existing shareholders will offer 8 million. Circle will use proceeds from its portion of the sale for “general corporate purposes.” It will not receive proceeds from the shareholder sales.

The offering comes just two months after Circle’s high-profile debut on the New York Stock Exchange, which saw shares surge as much as 235% on day one before closing at $83. The stock later reached a record $298.99 on June 23, before retreating to close Thursday at $139.23 — down more than 9% on the day.

Circle’s move underscores strong investor appetite for the company despite recent volatility. USDC remains one of the world’s largest stablecoins by market capitalization, and the firm has been expanding its role in digital payments and tokenized finance.

Pre-market trading on Friday showed CRCL shares 1.63% lower at $136.98, as markets digested the news.

Circle Internet Group (NYSE: CRCL) reported a 90% year-over-year jump in USDC circulation to $61.3 billion at the end of Q2 2025, rising further to $65.2 billion by August 10.

Total revenue and reserve income surged 53% to $658 million, while adjusted EBITDA climbed 52% to $126 million. The company posted a $482 million net loss, driven by $591 million in IPO-related non-cash charges, including $424 million in stock-based compensation triggered by its $1.2 billion June IPO.

CEO Jeremy Allaire called the quarter “a pivotal moment” for both Circle and the broader stablecoin industry, highlighting strong adoption of its platform and strategic partnerships with firms like Binance, FIS, Fiserv, Corpay, and OKX.

In Q2, Circle launched its Circle Payments Network, introduced the Arc Layer-1 blockchain for stablecoin finance, and expanded commercial use cases across payments, banking, and capital markets. The GENIUS Act — a new U.S. stablecoin regulatory framework — was signed into law, reinforcing Circle’s position as a leading regulated issuer. Looking ahead, the company projects a 40% CAGR in USDC circulation over multiple years, FY 2025 other revenue of $75–$85 million, and RLDC margins of 36–38%.

Circle plans $1.3B stock sale, four times IPO price first appeared on TheStreet on Aug 15, 2025

This story was originally reported by TheStreet on Aug 15, 2025, where it first appeared.

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