Stablecoin issuer Circle has finalized pricing for its long-anticipated initial public offering, setting its share price at $31 ahead of Thursday’s debut on the New York Stock Exchange.
The updated IPO terms will see Circle offer 34 million shares, raising approximately $1.05 billion and valuing the company at $6.9 billion based on outstanding shares, according to previous filings. The latest pricing marks a significant increase from the company’s original plan to offer 24 million shares at $24–$26 each, reflecting what analysts are calling robust institutional demand.
The move follows multiple amendments to Circle’s S-1 filing with the U.S. Securities and Exchange Commission. On Monday, Circle raised the expected range to $27–$28 per share and increased the offering to 32 million shares, which Bloomberg first reported. The final pricing and further upsizing now underscore growing investor confidence.
“This is a crystal-clear signal of strong demand,” Eric Risley, founder of Architect Partners, told Blockworks earlier this week.
Circle’s IPO has attracted notable institutional attention. Cathie Wood’s Ark Invest has indicated plans to purchase up to $150 million worth of shares, while BlackRock is reportedly exploring a significant stake, according to Bloomberg.
Matthew Sigel, head of digital asset research at VanEck, characterized Circle’s appeal as a “boring is beautiful” option for institutions seeking crypto exposure without the volatility or balance sheet risks associated with digital asset trading firms.
“Retail may find it harder to latch on,” Sigel added. “Circle doesn’t have the same volatility, beta, meme potential or brand recognition as Coinbase.”
Circle, the issuer behind the USDC stablecoin, is entering public markets at a time when traditional finance players are increasingly warming to digital asset infrastructure — but with a focus on stability and compliance. The IPO will test how well that thesis resonates with broader equity markets.
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