Circle Internet Financial (NYSE: CRCL) has drawn substantial investor interest, with its value climbing swiftly. Notably, Ark Invest acquired 4.48 million CRCL shares across three of its funds. The company’s public offering priced shares at $31 apiece, yet by Friday at 1:07 p.m. Eastern, shares had climbed beyond $120.51—marking a 288% gain since launch.
Circle Internet (NYSE: CRCL) on June 6, 2025.
With shares jumping over 45% on Friday alone, Circle’s market capitalization has now exceeded $23 billion. CRCL registered $41.8 million in trading volume between the market’s open and just after 1 p.m. Eastern on Friday. The previous day’s close was $82.84 per CRCL. The IPO’s momentum has triggered speculation about whether this rally signals a durable vote of investor confidence or simply echoes the kind of transient enthusiasm that fueled Coinbase’s 2021 frenzy.
Social platforms like X have buzzed with commentary on Circle’s IPO. One user, with IPO pricing experience at Goldman Sachs, cautioned against jumping in immediately following a steep climb. They emphasized that early gains are often orchestrated to generate excitement, advising patience. “Wait 90-180 days after IPO to invest,” the X account Dom suggested. “Not just to allow for price discovery, but because that’s typically when the lockup period ends,” the individual added.
Some observers now predict that Circle’s performance could spark a wave of IPOs from other crypto ventures eager to tap public markets. “After the Circle IPO performance, there is a large probability every equity business with [more than] $50m revenue and any sort of moat or edge to go public,” the X account Solana Legend wrote. “I’m talking about Moonpay, Gemini, Kraken, Phantom, etc…,” the individual added.
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