Fintech firm Circle Internet Group on Wednesday priced its upsized initial public offering above its expected range. Shares are expected to debut Thursday on the New York Stock Exchange under the ticker "CRCL."

Stablecoin issuer Circle Internet's shares more than tripled in their debut on the New York Stock Exchange on Thursday, firing up the IPO market that has struggled to regain momentum.The New York-based company's stock opened for trading at $69 apiece, valuing the stablecoin issuer at nearly $18 billion, on a

BlackRock’s 10% stake and ARK’s $150M order signal institutional embrace despite pending stablecoin regulations in Congress.

Circle IPO priced at $31 per share, raising $1.05B as the USDC issuer heads to NYSE in one of the biggest crypto listings since Coinbase’s 2021 debut.