Circle Internet Group Raises $1.3 Billion in Public Offering, Shares Rise 7.44%

Circle Internet Group's CRCL shares rose 7.44% to $149.72 after the company priced a $1.3 billion public offering of 10 million Class A common shares at $130 each. Of the total, Circle will sell 2 million shares directly, while selling stockholders will offer 8 million. The company also granted underwriters a 30-day option to purchase up to an additional 1.5 million shares.

Circle Internet Group, Inc. (NYSE: CRCL) saw its shares increase by 7.44% to $149.72 on July 2, 2025, following the pricing of a $1.3 billion public offering of 10 million Class A common shares at $130 each. The offering includes 2 million shares directly sold by the company and an additional 8 million shares from selling stockholders. Underwriters were also granted a 30-day option to purchase up to 1.5 million more shares [2].

The public offering comes just two months after Circle's NYSE debut, significantly earlier than expected and within the lock-up period that typically restricts insider selling until year-end. JPMorgan Chase & Co., the lead bank on the IPO and the authority on lock-up waivers, has allowed the sale to proceed [1].

Despite trading at less than half its June 23 peak of $298.99, the two-day marketed offering was reportedly oversubscribed. The transaction is expected to close on August 18, 2025, subject to customary closing conditions [1].

The early public offering suggests insiders are looking to capitalize on liquidity while the stock still trades above its IPO price, though at a significant discount from its all-time high reached shortly after its market debut [1].

Circle's latest earnings report highlighted strong financial performance, with $658 million in revenue and $126 million in adjusted EBITDA during the second quarter. The company's USDC stablecoin circulation soared nearly 90% year-over-year, reaching $65.2 billion by early August [2].

The proceeds from the offering will fuel working capital needs, cover payment obligations, and support business investments and potential acquisitions, giving Circle more firepower to expand its stablecoin footprint [3].

References:
[1] https://www.investing.com/news/stock-market-news/circle-internet-stock-falls-after-pricing-public-offering-93CH-4195157
[2] https://www.benzinga.com/crypto/cryptocurrency/25/08/47151091/circle-announce-public-offering-of-10-million-shares-at-130-each
[3] https://finance.yahoo.com/news/10-million-reasons-sell-circle-203725911.html