#CircleIPO The IPO of Circle exceeded expectations, raising $1.05 billion at $31 per share.

The public offering of Circle Internet Group significantly surpassed the subscription volume, with demand exceeding the available shares by 25 times. The offering price is $31 per share, allowing for the raising of $1.05 billion, valuing Circle at $8 billion.

The public offering of Circle shares exceeded the subscription volume

The increased initial public offering (IPO) of the stablecoin issuer Circle Internet Group is likely to exceed the stated range, with orders reportedly more than 25 times the available shares, according to a Bloomberg report citing anonymous sources.

At the same time, Reuters reports that Circle priced the IPO at $31 per share, enabling it to raise $1.05 billion from the sale of 34 million shares. This values Circle's capitalization at approximately $8 billion on a fully diluted basis. Initially, the IPO was marketed in a range of $27 to $28 per share, but significant demand prompted Circle to increase it more than once.