Circle Targets $6.7 Billion Valuation in Ambitious US IPO Move
Circle Internet, the issuer of the USDC stablecoin, is pursuing an initial public offering that could value the company at up to $6.71 billion. The New York-based firm plans to raise $624 million by offering 24 million shares priced between $24 and $26 each.
Optimism in the crypto sector is surging as the Trump administration signals a more favorable regulatory stance. This shift has emboldened companies like Circle to pursue public listings, mirroring Strategy’s aggressive crypto investments.
Existing shareholders, including Accel and General Catalyst, will sell 14.4 million shares alongside Circle’s 9.6 million share offering. The MOVE reflects growing institutional confidence in digital assets amid improving US trade relations and market conditions.
