Circle surges over 13% pre-market, more than doubling since IPO

Circle surges over 13% pre-market, more than doubling since IPO

Circle (CRCL) shares have surged over 13% in pre-market trading on June 9, 2025, more than doubling from its initial public offering (IPO) price of $31. The stock opened at $83 on June 5, 2025, and has since climbed to a pre-market high of $104. This remarkable performance comes after Circle's IPO, which raised around $1.1 billion through the sale of 34 million shares [1].

The stock's performance has been driven by strong demand and investor interest in the stablecoin market. Circle's USDC stablecoin, which provides a dollar-pegged token used for trading, lending, and remittances, has seen a modest bump in trading volume. USDC's volume was up 22% over the past 24 hours, while Tether's USDT, the largest stablecoin by market capitalization, saw its volume climb 13% [2].

The surge in Circle's stock price also reflects broader market interest in stablecoins. The company's IPO has generated significant interest in the stablecoin infrastructure as traditional and digital finance continue to converge. However, the coming weeks will test whether Circle can maintain investor confidence or fall victim to the volatility that has defined so many crypto-adjacent stocks [2].

Circle's IPO is also likely to generate interest in the company's business model, with investors evaluating how stablecoins work and the technology powering them. Ethereum, the network on which more than half of USDC's circulating supply exists, is likely to benefit from this increased attention [3].

The IPO market has shown signs of regaining momentum, with Circle's successful debut reinforcing expectations of continued activity. The company's listing was seen as a bellwether for the IPO market this year, not just for crypto listings. Digital banking startup Chime and cancer diagnostic firm Caris Life Sciences are among the companies poised to go public in the coming months [4].

References:
[1] https://www.coindesk.com/markets/2025/06/05/circle-soars-167-after-ipo-closing-at-83-in-first-day-of-trading
[2] https://finance.yahoo.com/news/circle-soars-167-ipo-closing-202038051.html
[3] https://decrypt.co/324046/why-circles-super-positive-ipo-could-be-bullish-ethereum-analysts
[4] https://www.aol.com/news/stablecoin-firm-circle-scales-record-155511537.html