Stablecoin issuer Circle prices IPO at $31, above expected range, ahead of NYSE debut
1. Circle IPO priced at $31, raising $1.05 billion with high demand. 2. Circle's USDC is second largest stablecoin, capturing 27% of the market. 3. Formerly headquartered in Boston, Circle reported $156 million income in 2024. 4. Stablecoin market growth expected as regulatory environment improves. 5. ARK Investment plans to buy $150 million worth of Circle shares.