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Circle's IPO Greenshoe Exercise Complete: Stablecoin Giant Banks $1.2B in Fresh Capital
Circle Internet Group, Inc. (NYSE: CRCL) has fully activated the greenshoe option tied to its recent initial public offering, marking a significant milestone for the blockchain financial services firm. The underwriting syndicate exercised their rights to purchase an additional 5.1 million shares of Class A common stock, with the transaction officially closing on June 11, 2025.
What This Means for Circle’s War Chest
The complete greenshoe activation elevates the total IPO proceeds to approximately $1.2 billion for Circle and its selling shareholders. This capital injection represents a powerful vote of confidence in the company’s mission to build out the world’s dominant stablecoin infrastructure. For a firm already commanding the USDC and EURC stablecoin ecosystem, the fresh liquidity provides substantial firepower for scaling operations and accelerating blockchain adoption across enterprise and developer segments.
The Banking Consortium Behind the Deal
A heavyweight roster of financial institutions engineered this offering. J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC served as joint lead active bookrunners, commanding the offering’s strategic direction. The transaction also enlisted Barclays, Deutsche Bank Securities, and SOCIETE GENERALE as bookrunners, with additional support from BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co., and Santander in co-manager roles. The syndicate was rounded out by AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, and Roberts & Ryan.
Circle’s Strategic Position in Digital Finance
The stablecoin market leader continues positioning itself as the critical infrastructure layer for businesses seeking to integrate digital currencies and blockchain rails into their operations. With USDC and EURC now backed by substantial IPO capital, Circle strengthens its ability to serve enterprises, developers, and payment platforms navigating the blockchain ecosystem. The $1.2 billion raise signals institutional conviction that regulated, transparent stablecoin networks represent the future of global commerce and financial applications.
The SEC declared the registration statement effective on June 4, 2025, clearing the path for the successful offering completion.