Circle Inc. Expands IPO Amid Surging Investor Demand – Coincu

Circle Internet Group Inc. has boosted its initial public offering size to 32 million shares at a price range of $27 to $28 per share. This adjustment reflects increased investor interest.

The upward revision of Circle’s IPO terms indicates significant demand, raising an estimated $880 million and valuing the company at approximately $5.43 billion.

Circle’s IPO Raised to 32 Million Shares on Strong Demand

Circle Internet Group Inc., renowned for the USDC stablecoin, is expanding its IPO to 32 million shares priced between $27 to $28. This marks a substantial change from the previous 24 million shares at $24 to $26. J.P. Morgan, Citigroup, and Goldman Sachs, among others, are managing the process.

This enhanced demand may strengthen USDC’s market position, emphasizing investor confidence. Notably, BlackRock’s intended 10% stake accentuates strong institutional support.

“Circle’s IPO upsize and higher price range underscore strong investor appetite for regulated crypto infrastructure and stablecoin products.” — Jeremy Allaire, CEO, Circle Internet Group, Inc.

Circle’s IPO: A First for Stablecoin Issuers in the US

Did you know? Circle’s IPO marks the first major stablecoin issuer listing on a US exchange, setting a precedent for cryptocurrency regulation.

According to CoinMarketCap, USDC’s market cap stands at $61.07 billion, representing a 1.86% market dominance. Its 24-hour trading volume surged to $9.37 billion, reflecting a 37.91% increase. USDC remains stable with minimal price fluctuations over the past 90 days.

Coincu Research Team notes that Circle’s IPO enhances financial transparency and regulatory compliance, reinforcing USDC’s appeal. This move sets a benchmark for future stablecoin issuer listings, potentially leading to broader adoption and integration within DeFi ecosystems.