$USDC #CircleIPO Circle, the issuer of the USDC stablecoin, has successfully priced its initial public offering (IPO) above expectations. Here's what you need to know:

- *IPO Valuation*: Circle's IPO valuation has reached $6.9 billion, with a fully diluted valuation of approximately $8.1 billion.

- *Share Price*: The company priced its shares at $31, exceeding the initial marketed range of $27-$28.

- *Oversubscription*: The IPO was over 25 times oversubscribed, indicating strong demand from institutional investors.

- *Number of Shares*: Circle sold 34 million shares in total, with 14.8 million coming from the company and 19.2 million from existing shareholders.

- *Major Investors*: BlackRock and ARK Invest have shown significant interest in the IPO, with BlackRock expected to acquire around 10% of the shares and ARK Invest potentially investing up to $150 million.

- *Trading*: Circle's stock is set to begin trading on the New York Stock Exchange under the ticker symbol "CRCL".

This IPO marks a significant milestone for Circle and the broader crypto industry, demonstrating growing interest from traditional investors in regulated crypto models.$NEXO $KAITO $ETH