Circle IPO priced at $31 per share, valued at $6.2 billion

According to CoinDesk, stablecoin issuer Circle completed its IPO at $31 per share on the New York Stock Exchange, exceeding the expected pricing range of $24-26, raising $1.1 billion and valuing itself at $6.2 billion. The stock code is "CRCL" and trading will begin on Thursday. The original plan for this IPO was to issue 24 million shares, but due to a surge in demand, it has expanded to over 34 million shares. Circle issued USDC, the second largest stablecoin in the United States, and its listing comes at a time when US lawmakers are pushing for a stablecoin regulation bill.