#CircleIPO
Circle IPO: $900 million at $7.2 billion valuation
Demand for Circle shares exceeded supply by 25 times! The company increased the placement to 32 million shares ($27–$28), which could bring in $896 million. Market capitalization — up to $7.2 billion. ARK Invest and BlackRock (up to 10% of the shares) among investors. IPO on the NYSE (ticker CRCL) is being conducted by JPMorgan, Citigroup, Goldman Sachs. USDC (29% of the stablecoin market) strengthens its position, despite competition from banks. Ripple previously offered $5 billion, but the deal did not take place
