#CircleIPO

IPO Details: Circle sought a valuation of up to US$ 7.2 billion on a fully diluted basis, as announced on June 2, 2025. Initially, on May 27, 2025, the company aimed for a valuation of around US$ 5.65 billion to US$ 6.71 billion, indicating an increase in expectations due to optimism in the cryptocurrency market. Share Offering: The IPO involved the offering of 24 million shares, with initial prices between US$ 24 and US$ 26 per share, aiming to raise about US$ 624 million at the midpoint of this range. The majority of the shares sold came from existing shareholders, not from the issuance of new shares by the company. Launch Date: The IPO was officially launched on June 5, 2025, as confirmed by sources such as Forbes and Reuters. Bookrunner: J.P. Morgan acted as the lead coordinator of the offering. Financial Performance: Circle reported a net profit of US$ 64.8 million in the last quarter before the IPO, with around US$ 850 million in cash and equivalents. The company expects to raise more than US$ 240 million with the IPO, based on the midpoint of the range.