USDC Coin (USDC) issuer Circle Internet Group, Inc. has again increased the size of its initial public offering (IPO), this time to $1.05 billion, as the company prepares for its New York Stock Exchange (NYSE) debut today.
The stablecoin firm said yesterday that it will look to offer 34 million shares priced at $31 each. This is after it said it would offer 32 million shares at a range of $27 to $28 per share, and after it initially advertised a 24 million offering with shares priced between $24 and $26.
Circle IPO NASDAQ: CRCL priced at $31 just got the email – it’s on. pic.twitter.com/UtcpiWjNuJ
— MartyParty (@martypartymusic) June 5, 2025
Circle has also granted its underwriters a 30-day option to buy an additional 5.1 million shares.
Circle’s Third Attempt At Going Public
Circle has tried to go public in the past. The first attempt at IPO was back in 2021, when the company made a deal to be acquired by an Irish holding company. That deal was never completed.
The company’s second attempt at an IPO was in April this year. Circle had filed with the SEC on April 1, but paused its plans following Trump’s tariff announcements the next day that tanked global financial markets.
Circle IPO Values Company At $6.9 Billion
The revised pricing and share count puts Circle’s valuation at around $6.9 billion based on the 220 million outstanding shares mentioned in a June 2 filing with the Securities and Exchange Commission (SEC).
It would be genius for Ripple or Coinbase to buy Circle.**
It looks like Circle’s IPO is 25x oversubscribed, valuing the company at around $7b. If someone can buy it for even $12-13b, that’s a steal, imo, for what this business could be worth in 20 years.
Circle has built the…
— Chamath Palihapitiya (@chamath) June 5, 2025
Circle has no current plans to pay dividends to its shareholders. Instead, it will “retain all available funds and any future earnings” to fund ongoing research and development along with business expansion, according to its filing.
Asset management giant BlackRock, which is the issuer of the largest spot Bitcoin ETF (exchange-traded fund) by cumulative inflows, is reportedly looking to scoop up 10% of the shares offered through Circle’s IPO.
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