Circle IPO Pricing Could Surge Beyond Initial Range Amid Heavy Investor Demand

Circle Internet Financial Ltd., the issuer of the USDC stablecoin, is poised to price its initial public offering significantly above its marketed range after investor orders overwhelmed available shares. Demand has eclipsed supply by more than 25-fold, signaling robust institutional appetite for crypto-adjacent assets despite regulatory uncertainties.

The company plans to sell 32 million shares, with pricing expected to finalize after U.S. markets close Wednesday. At the top end of its $27-$28 target range, Circle WOULD command a fully diluted valuation of approximately $7.2 billion. Major asset managers including BlackRock and Ark Invest are reportedly among the bidders, with allocations favoring long-term holders.

This overwhelming response underscores growing mainstream acceptance of blockchain infrastructure plays, particularly those like Circle that bridge traditional finance and digital assets. The company's central role in stablecoin issuance and crypto payments continues to attract capital even as policymakers grapple with the sector's framework.