#CircleIPO

Circle's initial public offering (IPO) has been making headlines with some key developments:

- *IPO Details*:

- *Ticker Symbol*: CRCL (New York Stock Exchange)

- *Shares Offered*: Initially planned to offer 24 million Class A shares, later increased to 32 million shares, and finally settled on 34 million shares at $31 each

- *Valuation*: $6.9 billion based on over 220 million outstanding shares

- *Investor Interest*:

- *Oversubscription*: The IPO was reportedly oversubscribed by 25 times, indicating strong investor demand

- *Notable Investors*: ARK Invest, led by Cathie Wood, plans to invest $150 million, and BlackRock may take a minimum 10% stake

- *Potential Impact*:

- *Ripple's Bid*: Circle's successful IPO might affect Ripple's potential acquisition bid, with Circle gaining leverage to continue independently

- *Regulatory Outlook*: Favorable regulatory conditions, including the US Senate's vote to advance the GENIUS Act, could support Circle's growth ¹ ²