⭕️Circle Internet Group, the issuer of the USDC stablecoin, is set to determine its IPO pricing today, June 4, 2025, U.S. local time.
⭕️The company has increased its offering to 32 million shares, with a revised price range of $27 to $28 per share, aiming to raise up to $896 million and achieve a fully diluted valuation of approximately $7.2 billion.
⭕️This IPO has attracted significant institutional interest, with BlackRock planning to subscribe for about 10% of the shares and Ark Invest expressing interest in purchasing $150 million worth of shares.
⭕️Circle's shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "CRCL" later this week.
🚫Please note that the final IPO pricing will be confirmed later today.
