US EditionUSDC Issuer Circle IPO Pricing Could Jump Above Range After Investor Orders Surge: Bloomberg
- Circle, the issuer of USDC stablecoin, raised its IPO size to 32 million shares priced between $27 and $28, scheduled to debut soon on the NYSE as CRCL.
- The increase from 24 million shares and a previous $24-$26 price range reflects strong investor demand amid an evolving regulatory and market environment.
- The offering attracted orders exceeding 25 times available shares and includes interest from major institutions like BlackRock and Ark Invest.
- At $28 per share, Circle's IPO could raise $896 million with a fully diluted valuation near $7.2 billion, supported by JPMorgan, Citigroup, and Goldman Sachs underwriting the deal.
- The IPO emphasizes demand for crypto exposure despite margin concerns and highlights Circle’s role in blockchain finance, suggesting potential implications for the wider stablecoin market.
19 Articles
19 Articles
USDC Issuer Circle IPO Pricing Could Jump Above Range After Investor Orders Surge: Bloomberg
Stablecoin issuer Circle Internet Group may price its upcoming initial public offering (IPO) well above its marketed range after demand from investors far outpaced supply, according to Bloomberg.The company has reportedly received orders for more than 25 times the number of shares available in the offering. Circle is expected to finalize its pricing following U.S. market hours on Wednesday.Circle’s most recent filing with the Securities and Exch…
Circle Scales up IPO Amid Strong Demand - Unchained Crypto
USDC issuer Circle has significantly increased the size and price range of its upcoming initial public offering. It now plans to offer 32 million shares, up from the previous 24 million, at a price range of $27 to $28 per share. The company’s targeted fully diluted valuation is $7.2 billion, also considerably higher than previous estimates of around $6 billion. This story is an excerpt from the Unchained Daily newsletter. To get these updates…
Circle set to exceed IPO expectations after overwhelming investor demand - Coin Surges
Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to $28, aiming to raise up to $896 million. At the high end of that range, Circle’s implied market capitalization would be ap…
Circle Prepares Its IPO with Demand Exceeding Initial Supply by 25 Times - The Cryptocurrency Post
TL;DR Circle plans an initial public offering with an expected price range between $27 and $28 per share, supported by demand exceeding 25 times the available shares. The company increased the number of shares to 32 million, with a potential raise of $896 million if the price reaches the top of the range, and will set the final price Wednesday evening. The IPO attracts long-term focused investors, with ARK Investment Management and BlackRock am…
Ripple CEO Denies $5 Billion Offer to Acquire Circle Amid Stablecoin Market Developments
The post Ripple CEO Denies $5 Billion Offer to Acquire Circle Amid Stablecoin Market Developments appeared on BitcoinEthereumNews.com. Ripple CEO Brad Garlinghouse has officially denied rumors of a $5 billion acquisition offer for Circle, emphasizing Ripple’s focus on organic growth and strategic partnerships. Despite market speculation, Ripple remains committed to expanding its stablecoin ecosystem with RLUSD, aiming to bridge traditional finan…
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