$USDC

USDC Issuer Circle Supercharges IPO to $1B as BlackRock Backs Stablecoin Play:

Circle, the issuer of the USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced the pricing of its Initial Public Offering (IPO) in a press release earlier today. The offering was priced at $31.00 per share, with 34 million shares offered, resulting in a total offering size of $1.054 billion, up from initial targets of raising up to $624 million from the sale of 24 million shares.

The IPO, which follows a previous SPAC attempt that fell through, values Circle at $7.2 billion. The company's shares are set to trade on the New York Stock Exchange (NYSE) under the ticker CRCL when US markets open on Thursday.