#CircleIPO
Circle's initial public offering (IPO) has been priced above its marketed range, with shares set to debut on the New York Stock Exchange under the ticker symbol "CRCL" at $31 each. The company offered 34 million shares, raising its valuation to $6.9 billion. Here's a breakdown ¹ ²:
- *IPO Details*:
- *Shares Offered*: 34 million
- *Price per Share*: $31
- *Valuation*: $6.9 billion
- *Exchange*: New York Stock Exchange
- *Underwriters*:
- *Joint Lead Bookrunners*: J.P. Morgan, Citigroup, Goldman Sachs & Co. LLC
- *Bookrunners*: Barclays, Deutsche Bank Securities, SOCIETE GENERALE
- *Proceeds*: Circle plans to use the net proceeds for development, expansion, and potential acquisitions, without paying dividends to shareholders.