#Circle aims for a $7.2 billion valuation as it prepares for a bigger-than-expected US IPO.
Circle Prices IPO at $31 per Share, Reaching a Valuation of $6.9 Billion ,aiming to raise $1.1B
Stablecoin issuer Circle successfully completed its IPO on the New York Stock Exchange at a price of $31 per share.
This exceeded the original price range expectation of $24-$26. The company raised $1.1 billion and achieved a valuation of $6.2 billion.
The stock is traded under the symbol " $CRCL " and will begin trading on Thursday. The IPO was initially planned to issue 24 million shares, but due to high demand, it was increased to over 34 million shares.
Circle’s $7.2B IPO is reportedly 25x oversubscribed — a massive show of investor demand! 🚀💸
