Circle Internet priced its upsized IPO at $31 per share, exceeding initial expectations and raising $1.05 billion. This move values the USDC stablecoin issuer at approximately $8 billion on a fully diluted basis. The IPO, which involved the sale of 34 million shares by Circle and its shareholders, injects significant momentum into the cryptocurrency sector, signaling a growing trend of late-stage crypto firms seeking public market access. The initial marketing range for the IPO was between $27 and $28, indicating strong investor demand that allowed Circle to price the offering above this range. This successful IPO underscores the increasing mainstream acceptance and financial viability of cryptocurrency-related businesses.
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Stablecoin Issuer Circle Raises $1.05 Billion in Upsized US IPO
Circle Internet priced its upsized IPO at $31 per share, exceeding initial expectations and raising $1.05 billion. This move values the USDC stablecoin issuer at approximately $8 billion on a fully diluted basis. The IPO, which involved the sale of 34 million shares by Circle and its shareholders, injects significant momentum into the cryptocurrency sector, signaling a growing trend of late-stage crypto firms seeking public market access. The initial marketing range for the IPO was between $27 and $28, indicating strong investor demand that allowed Circle to price the offering above this range. This successful IPO underscores the increasing mainstream acceptance and financial viability of cryptocurrency-related businesses.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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