#CircleIPO Circle raises IPO target to $896M amid strong investor interest
Circle has increased its IPO target to $896 million amid rising investor interest, growing stablecoin adoption and a more favorable US regulatory environment.
Update (June 2 at 2:42 pm UTC): This article has been updated to include a statement from Circle.
Major stablecoin issuer Circle has increased its initial public offering (IPO) target to $896 million.
According to a June 2 filing to the US Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of $27 to $28 per share, an increase from the previous offering of 24 million shares priced between $24 and $26.
The news follows a late May announcement that the company would issue 9.6 million shares of Class A common stock. At the time, Circle hinted at a target valuation of $6.7 billion.
An increase in the IPO target suggests strong investor interest in Circle stock. This occurs as the US administration under President Donald Trump continues to foster an increasingly favorable regulatory environment for the industry.
Circle declined to comment on the developments regarding its IPO. A company spokesperson told Cointelegraph:
“We are in a quiet period so cannot comment to press.”
A quiet period is standard practice, and US securities law expects them in IPO timelines. Section 5 of the Securities Act of 1933 bars an issuer from “offers” before the SEC declares its registration statement effective to avoid what market lawyers call gun-jumping.
The law in question notes that “the proposed rule change would require that the policies and procedures define quiet periods of a minimum of 10 days after an initial public offering (“IPO”), and a minimum of three days after a secondary