🔥Circle's IPO: Key Market Details
💥IPO Overview
🔹️IPO Target: $896 million
🔸️Valuation: Approximately $6.2 billion
🔹️Share Price: $27 to $28 per share
🔸️Number of Shares: Up to 32 million shares
💥Listing and Timeline
🔹️Exchange: New York Stock Exchange
🔸️Ticker Symbol: CRCL
🔹️Timeline: Expected to happen soon, with shares priced at $31, valuing the company at $6.8 billion
💥Key Players and Investors
🔹️Underwriters: JPMorgan, Goldman Sachs, and Citigroup
🔸️Investors: ARK Invest (considering buying up to $150 million worth of stock)
💥Circle's IPO Journey
🔹️Previous Attempts: Failed SPAC deal in 2021 due to SEC delays
🔸️Current Plans: Refocused on IPO, prioritizing transparency and regulatory compliance
💥Valuation and Financials
🔹️Fully Diluted Valuation: Around $7.2 billion (including employee options and warrants)
🔸️IPO Valuation: $6.8 billion (based on recent share price)
