- Circle Internet Group (CRCL, Financial) completes full exercise of greenshoe option in IPO.
- Additional 5.1 million Class A shares sold, bringing IPO proceeds to $1.2 billion.
- J.P. Morgan, Citigroup, and Goldman Sachs are the lead bookrunners for the offering.
Circle Internet Group, Inc. (CRCL), a leader in financial technology and stablecoin markets, announced the closing of the full exercise of the greenshoe option related to its initial public offering (IPO). The underwriters purchased an additional 5,100,000 shares of Class A common stock, which concluded on June 11, 2025. This extension of the IPO increased the total gross proceeds to approximately $1.2 billion.
J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC served as joint lead active bookrunners for this offering. The other bookrunners included Barclays, Deutsche Bank Securities, and SOCIETE GENERALE, while BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co., and Santander acted as co-managers. Junior co-managers for the IPO were AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, Inc., and Roberts & Ryan.
Circle Internet Group, listed on the New York Stock Exchange under the ticker CRCL, is a global firm pioneering the use of digital currencies and public blockchains in financial applications. It is noted for developing a significant stablecoin network and offers a range of financial and technology services to businesses worldwide. The company is recognized for issuing the USDC and EURC stablecoins through its regulated affiliates.
