Global stablecoin leader Circle recently announced the expansion of its IPO issuance scale to 150 million shares, with the share pricing range raised to $18-20, aiming to raise a maximum amount of $3 billion (including the green shoe option). This adjustment is due to strong demand from institutional investors — during the roadshow, the order volume reached 8 times the issuance scale, with market enthusiasm far exceeding expectations.
Core business and fundraising purposes
USDC ecosystem: The stablecoin USDC has a market value exceeding $25 billion, accounting for 40% of the stablecoin market share
Cross-border payments: Network coverage in 100+ countries, supports real-time exchange of 50+ fiat currencies
Institutional DeFi: Collaborating with Coinbase, BlackRock, Fidelity, etc. to expand compliant DeFi solutions
Global compliance: Holds financial licenses in the US, Europe, the UK, and other regions
Underwriters and the significance of listing
Luxury underwriting syndicate: Led by Goldman Sachs, Morgan Stanley, and Citigroup, with ARK Invest and others committing to long-term holdings
12-year milestone: From founding in 2013 to Nasdaq listing in 2025, promoting the integration of blockchain and compliant finance
Innovative issuance mechanism: Adopting a Dutch auction to ensure fair participation for retail investors, practicing the concept of open finance
This IPO is not only a leap for Circle but also marks the deep penetration of the digital economy into the mainstream financial system.
