#Circle扩大IPO规模 **Circle Expands IPO Scale, Fundraising Amount Exceeds $1 Billion**

The stablecoin issuer Circle has recently significantly increased the scale of its IPO, ultimately issuing 34 million shares at a price of $31 per share, raising a total of $1.05 billion, far exceeding the initial target of $600 million. This IPO valuation reached $6.9 billion (or $8.1 billion on a fully diluted basis), reflecting strong market interest in the stablecoin industry. Circle's core revenue comes from interest income on USDC reserves, with projected revenue of $1.68 billion and a net profit of $156 million in 2024. Institutional investors such as BlackRock and ARK Invest actively participated in the subscription, with oversubscription reaching 25 times. This listing marks the formal entry of stablecoins into the mainstream financial market, laying an important milestone for the future development of the industry.