#CircleIPO The stablecoin issuer Circle Internet Group, Inc. has boosted its initial public offering for the second time, setting the price of its shares above its previously marketed range at $1.05 billion.
The manager of the USDC stablecoin said on June 4 that it will now seek to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5.
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Previously, Circle offered 32 million shares at a price range of $27 to $28 per share, which represented an increase from its first advertised offering of 24 million shares at a price range of $24 to $26.
Circle has also granted its underwriters a 30-day option to purchase an additional 5.1 million shares.
The latest IPO price gives Circle a valuation of $6.9 billion based on the more than 220 million shares outstanding listed in a June 2 filing with the Securities and Exchange Commission.