Circle raised its IPO target to USD 896 million amid strong investor interest
Circle has increased its IPO target to USD 896 million amid growing investor interest, the rising adoption of stablecoins, and a more favorable regulatory environment in the U.S.
The leading stablecoin issuer, Circle, has raised its initial public offering (IPO) target to USD 896 million.
According to a document submitted on June 2 to the U.S. Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of USD 27 to USD 28 per share, up from the previous offering of 24 million shares with a price between USD 24 and USD 26.
The news follows an announcement from late May in which the company indicated it would issue 9.6 million Class A common shares. At that time, Circle hinted at a target valuation of USD 6.7 billion.
