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Circle Announces IPO with 24 Million Shares at $24-$26 Price Range
Circle Announces IPO with 24 Million Shares at $24-$26 Price Range
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Circle Internet Group, Inc., the dominant player in the stablecoin market, has filed for an initial public offering of 24 million Class A common shares. The offering comprises 9.6 million primary shares from the company and 14.4 million secondary shares from existing investors.
Underwriters may purchase an additional 3.6 million shares to cover over-allotments. The proposed pricing range of $24 to $26 per share values the offering at up to $624 million. Final terms remain subject to market conditions and regulatory approval.
The company seeks to list on a major exchange, though the filing doesn’t specify which platform. This MOVE signals growing institutional acceptance of crypto-adjacent businesses, despite current market volatility.
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