Circle raises $1.05 billion in long-awaited IPO, shares to start trading at $31

The fintech is profitable. Circle reported $156 million in net income in fiscal 2024, down from $268 million net income for the prior year. On a quarterly basis, Circle posted a profit of $65 million for the three months ended March 31, up from $49 million in profit for the same time period in 2024.

source