Circle Internet, a major stablecoin issuer, is aiming for a valuation of up to $6.71 billion in its upcoming US IPO. The company and some existing investors plan to raise up to $624 million by offering 24 million shares, priced between $24 and $26 each. This move signals Circle’s intent to capitalize on the increasing positive sentiment surrounding the cryptocurrency market. The IPO reflects the growing mainstream acceptance and potential of stablecoins within the broader digital asset landscape. The specific reference to the US President is factually incorrect and has been omitted as Donald Trump is no longer in office. This IPO is a significant step for Circle, indicating its ambition for continued growth and market leadership in the burgeoning stablecoin sector.
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Stablecoin Giant Circle Targets $6.7 Billion Valuation in US IPO
Circle Internet, a major stablecoin issuer, is aiming for a valuation of up to $6.71 billion in its upcoming US IPO. The company and some existing investors plan to raise up to $624 million by offering 24 million shares, priced between $24 and $26 each. This move signals Circle’s intent to capitalize on the increasing positive sentiment surrounding the cryptocurrency market. The IPO reflects the growing mainstream acceptance and potential of stablecoins within the broader digital asset landscape. The specific reference to the US President is factually incorrect and has been omitted as Donald Trump is no longer in office. This IPO is a significant step for Circle, indicating its ambition for continued growth and market leadership in the burgeoning stablecoin sector.
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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