#USNationalDebt 😎Circle expands IPO — the company plans to raise $896 million

Instead of the previously announced 24 million shares at $24–26, the USDC issuer now wants to sell 32 million shares at a price of $27–28.

The expected valuation is $7.2 billion.

By the way, in the 1st quarter, Circle's revenue from government bonds reached $557.9 million (+55%). At the same time, expenses increased by 68%.

Reminder: ⚡Circle filed for an IPO on the New York Stock Exchange (NYSE).

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