#CircleIPO The giant of stablecoins Circle increases its IPO to over 1 billion dollars again
The issuer of USDC Circle has increased the size of its initial public offering (IPO) above the marketed range, selling 34 million shares at 31 dollars each.
The giant of stablecoins Circle increases its IPO to over 1 billion dollars again
News
The issuer of stablecoin Circle Internet Group, Inc. has raised its initial public offering to 1.05 billion dollars, valuing its shares above its previous marketed range.
The manager of the USDC stablecoin (USDC) said on June 4 that it will now offer 34 million shares at a price of 31 dollars each when it debuts on the New York Stock Exchange on June 5.
Previously, Circle offered 32 million shares in a range of 27 to 28 dollars per share, above its initial announced offering of 24 million shares valued between 24 and 26 dollars.
The latest IPO price gives Circle a valuation of 6.9 billion dollars, based on the outstanding shares listed in a previous regulatory filing.
