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Circle Boosts IPO Amid Strong Investor Interest, Eyes $7.2B Valuation
Circle Boosts IPO Amid Strong Investor Interest, Eyes $7.2B Valuation
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Circle, the issuer of the USDC stablecoin, has increased its IPO ambitions following robust investor demand. The company now plans to offer 32 million Class A shares, up from 24 million, at a revised price range of $27 to $28 per share. At the upper end, the offering could raise nearly $900 million, lifting Circle’s valuation to $7.2 billion.
The MOVE reflects growing institutional appetite for stablecoins as regulatory clarity improves. USDC, the second-largest dollar-pegged stablecoin with a $61 billion market cap, underscores Circle’s pivotal role in bridging traditional finance and digital assets. Legacy financial institutions are increasingly engaging with the sector, signaling broader mainstream adoption.
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