#CircleIPO Circle's initial public offering (IPO) has exceeded expectations, pricing above its marketed range at $31 per share. This results in a valuation of approximately $6.9 billion, with a fully diluted value of $8.1 billion. The company sold 34 million shares, netting around $1.1 billion.
*Key Details:*
- *IPO Pricing*: $31 per share, above the expected range of $27-$28
- *Valuation*: Approximately $6.9 billion, with a fully diluted value of $8.1 billion
- *Shares Sold*: 34 million shares, netting $1.1 billion
- *Revenue and Net Income*: Circle generated $1.76 billion in revenue and $155 million in net income in 2024
- *Stablecoin Adoption*: USDC, Circle's dollar-based stablecoin, has processed over $25 trillion in on-chain transactions, with a market cap of $60.9 billion
The strong demand for Circle's IPO, with orders exceeding available shares by over 25 times, indicates a positive outlook for the company's future growth and stability in the fintech sector.
