#CircleIPO

Circle, the issuer of the USDC stablecoin, is set to go public on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL". The company has increased its initial public offering (IPO) target to $896 million, with a valuation of up to $7.2 billion. This move comes after strong investor demand, with the IPO being oversubscribed by more than 25 times.

*Key Details:*

- *IPO Size:* 32 million Class A shares

- *Price Range:* $27-$28 per share

- *Valuation:* Up to $7.2 billion

- *Investors:* Backed by major Wall Street banks, including JPMorgan Chase, Citigroup, and Goldman Sachs

- *Notable Investors:* Cathie Wood's ARK Invest plans to buy up to $150 million worth of shares, while BlackRock may invest $600 million

The increased valuation reflects growing interest in stablecoins and blockchain technology. Circle's IPO is expected to take place on June 4, with trading starting on June 5 ¹ ².