$USDC Circle raised its initial public offering target to USD 896 million amid strong investor interest

Circle has increased its IPO target to USD 896 million amidst growing investor interest, increased adoption of stablecoins, and a more favorable U.S. regulatory environment.

Circle raised its IPO target to USD 896 million amid strong investor interest

NEWS

Update (June 2 at 2:42 PM UTC): This article has been updated to include a statement from Circle.

The leading issuer of stablecoins, Circle, has increased its initial public offering (IPO) target to USD 896 million.

According to a document filed on June 2 with the U.S. Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of USD 27 to USD 28 per share, an increase from the previous offering of 24 million shares priced between USD 24 and USD 26.