EddieJayonCrypto
4 Jun 25
Circle is expected to price its initial public offering (IPO) above the marketed range due to overwhelming investor demand, with orders exceeding 25 times the available shares. The company plans to offer 32 million shares at $27 to $28 each, potentially raising up to $896 million and valuing the com...
Circle is set to price its initial public offering (IPO) above the marketed range due to overwhelming investor demand, with orders exceeding 25 times the available shares. The company plans to offer 32 million shares at $27 to $28 each, aiming to raise up to $896 million and valuing the company at about $6.2 billion market cap and $7.2 billion fully diluted.
As the issuer of the USDC stablecoin, which holds roughly 29% of the stablecoin market, Circle has attracted significant institutional interest from major financial firms such as Ark Invest and BlackRock. Ark Invest aims to purchase up to $150 million worth of shares, while BlackRock is expected to acquire about 10% of the total shares offered.
JPMorgan, Citigroup, and Goldman Sachs are leading the underwriting of the IPO. Circle will begin trading on the New York Stock Exchange under the ticker symbol “CRCL.”
This IPO gains momentum amid ongoing US legislative debates on stablecoin regulation, potentially bringing clearer guidelines and greater legitimacy to digital dollar-pegged tokens. The offering reflects growing interest from traditional financial institutions, with several Wall Street banks, including JPMorgan, reportedly exploring joint stablecoin issuance initiatives.