#CircleIPO *Circle Internet Group*, one of the largest issuers of stablecoins, launched its *initial public offering (IPO)* at a price of *$31 per share*, which is higher than the expected range of *$27-$28* ⁽¹⁾. This offering gives the company a *valuation of $6.8 billion*, and it is expected to be one of the largest fintech offerings this year ⁽¹⁾.

The demand for Circle shares was *25 times higher than the number of available shares*, reflecting significant interest from investors, including companies like *BlackRock and Ark Invest* ⁽²⁾. The company will offer *34 million shares* to raise over *$1 billion*, after raising the offering cap due to strong demand ⁽³⁾.

Circle, known for issuing *USDC*, aims to strengthen its position in the stablecoin market, potentially competing with *Tether* in the future ⁽³⁾. Do you have any questions about the impact of this IPO on the cryptocurrency market? 😊

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