Circle Internet Group (CRCL) priced its upsized initial public offering (IPO) at $31 per share, raising $1.05 billion, in a boost to cryptocurrency firms looking to go public. The IPO pricing exceeded the $27-$28 price range communicated by the company in an amended S-1 filing on Monday.

Circle Internet Group Inc. and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering that was priced above a marketed range, in a sign that stablecoin issuers are winning greater acceptance.

Circle Internet Group Inc., a prominent player in the stablecoin arena, successfully navigated its initial public offering (IPO), raising nearly $1.1 billion in an upsized deal that saw shares priced above the initially marketed range.