Circle Internet Group Inc. had one of the splashiest debuts in years, with shares surging 168% after the company and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering.

Circle Internet Group, the crypto firm that tried to go public in 2021 but ended up pulling its deal, will finally enter the public equities market. Late Wednesday, Circle raised $1.05 billion in one of the most anticipated IPOs of the year.

Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.