Circle Raises $1.05 Billion in Upsized IPO, Valued at $6.9 Billion

Circle Internet Group, the issuer of the USDC stablecoin, has successfully raised $1.05 billion in its initial public offering (IPO), pricing 34 million shares at $31 each. This move reflects a notable increase from its previously marketed range of $27 to $28 per share and positions Circle at a valuation of approximately $6.9 billion based on the more than 220 million outstanding shares. Underwriters have a 30-day option to buy an extra ...

cryptonews