$USDC https://www.thestreet.com/crypto/markets/circle-that-rejected-ripples-acquisition-offer-has-a-major-announcement

New York-based stablecoin issuer Circle Internet Group, which rejected acquisition offers by crypto industry giants such as Ripple and Coinbase (Nasdaq: COIN), has a major announcement, Reuters reported on June 2.

Circle said that it has upsized the size and pricing range of its upcoming initial public offering (IPO), now targeting a higher valuation of up to $7.2 billion on a fully diluted basis.

https://www.reuters.com/business/circle-shareholders-aim-raise-896-million-upsized-us-ipo-2025-06-02/

Seeks as much as $896 million in upsized IPO

Now offering up to 32 million shares, up from 24 million shares earlier

Company raises IPO price range to $27-$28 apiece

June 2 (Reuters) - Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S. initial public offering, underscoring growing momentum in the stablecoin market.

The upsized IPO indicates strong investor appetite for crypto firms. U.S. President Donald Trump has not only promised friendlier regulations for the sector, but also sparked conflict of interest concerns due to several crypto projects associated with him.

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