Crypto company Circle has captured attention as a symbol of the IPO market revival in the tech sector. After a successful debut on the New York Stock Exchange, its shares saw impressive growth.
Circle's Dramatic Stock Rise
On June 5, 2025, Circle made a successful public debut on the New York Stock Exchange, marking one of the loudest comebacks for tech IPOs since the 2021 peak. Backed by Accel, Breyer Capital, and General Catalyst, the company’s stock skyrocketed six times its IPO price, reaching a market capitalization of $42 billion.
Shifting Landscape in the IPO Market
The IPO market began to shift following the US Senate's passage of the GENIUS Act, laying down federal rules for dollar-tied stablecoins. In June alone, five tech IPOs emerged, more than double the monthly pace since January. The market, previously frozen since early 2022, shows signs of revival.
Future of IPOs and Forecasts
Despite the positive changes, major players like SpaceX, Stripe, and OpenAI remain private. Some companies have postponed their listings, but experts believe that new IPO opportunities are on the horizon. "The IPO market is starting to open, and the VC world is cautiously optimistic," noted Rick Heitzmann, partner at FirstMark.
Circle and its successful IPO have become a beacon of hope for venture capital and the tech sector. Despite ongoing uncertainties, experts see signs of market recovery.
