#CircleIPO

Brands That Matter Extended Deadline on Friday

Circle Internet Group IPO: Stock priced well above estimated range for highly anticipated NYSE debut

Amid a crypto-friendly regulatory environment and years of investor anticipation, all eyes will be on the CRCL stock ticker on Thursday.

Circle Internet Group priced its shares at $31 for its highly anticipated initial public offering, well above the company’s estimated range of between $27 and $28, the company said late Wednesday. It expects to list shares on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol CRCL.

Original story:

Stablecoin issuer Circle Internet Group is expected to go public this week. Share pricing is expected to surface on Wednesday for a possible listing on Thursday, though the company has not confirmed the timeline.

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The company’s paperwork with the Securities and Exchange Commission (SEC), filed Monday, shows that Circle plans to sell 32 million shares and is aiming at a price target of $27 to $28 per share.

That would give the company a valuation of more than $7 billion, an increase from earlier estimates. In a previous SEC filing, which surfaced last week, Circle said it was planning to sell 24 million shares priced between $24 and $26. In all, the company is expected to raise around $880 million with its updated numbers.

Shares are expected to trade on the New York Stock Exchange (NYSE) under the symbol CRCL. The offering is being led by J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC