Circle Boosts IPO Size Amid Surging Investor Demand
Circle Internet Group Inc. has raised both the size and pricing range of its initial public offering. The stablecoin issuer now plans to sell 32 million shares, up from 24 million previously.
Pricing has also been bumped to $27–$28 per share, according to a new SEC filing on Monday. This revision signals intense investor interest, far exceeding initial projections.
New Valuation Nears $7.2 Billion Fully Diluted
If shares price at the top end, the IPO could raise up to $896 million. Circle’s market cap would hit nearly $6.2 billion on a basic share count. Including options and warrants, its fully diluted value rises to approximately $7.2 billion, according to Bloomberg.
Circle and some of its early backers will share the proceeds from the offering.
Final Orders Close as Investors Flock In
Demand has far outstripped supply, with stock orders reportedly in multiples of the available shares. According to sources familiar with the matter, the offering will close to new orders by 4 p.m. Tuesday in New York.
The surge in interest underscores strong investor appetite for exposure to digital asset infrastructure. Circle, best known for issuing the USDC stablecoin, aims to capitalize on its market presence and regulatory-friendly profile.
This IPO marks one of the largest and most closely watched public offerings in the crypto industry this year.
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