Circle IPO Demand Surges, Pricing May Exceed Expectations

Circle Internet Financial Ltd., the issuer of the USDC stablecoin, is witnessing overwhelming demand for its upcoming initial public offering. Investor orders have reportedly surpassed available shares by more than 25 times, potentially pushing the final pricing above the marketed $27-$28 range. The offering could value the company at approximately $7.2 billion at the upper end.

Institutional heavyweights including BlackRock and Ark Invest are among those vying for allocations, with preference given to long-term holders. This frenzy underscores growing institutional appetite for crypto-adjacent investments despite regulatory uncertainties. Circle's pivotal role in blockchain-based finance continues to attract capital seeking exposure to digital asset infrastructure.