#CircleIPO Circle's IPO has successfully raised $1.1 billion, exceeding expectations with a share price of $31, above the initial target range of $27-$28. This valuation gives Circle a market cap of approximately $6.9 billion, with some estimates suggesting $8.1 billion on a fully diluted basis. The IPO was over 25 times oversubscribed, demonstrating strong investor confidence. Notable investors include ARK Investment Management, interested in purchasing up to $150 million worth of shares, and BlackRock, expected to acquire around 10% of the IPO shares. Circle's success positions it for future growth in the digital asset space.¹ ² ³