by: xpoolPosted on:

Circle Increases IPO Target to $896 Million, Driven by Strong Investor Demand

Stablecoin issuer Circle has boosted its initial public offering (IPO) target to $896 million, signaling strong investor interest in the company. The SEC filing reveals a revised share offering of 32 million shares with an IPO price range between $27 and $28 per share, representing an increase from the previous 24 million shares priced between $24 and $26. This adjustment coincides with Circle’s recent announcement of issuing 9.6 million shares of Class A common stock, reflecting a target valuation of $6.7 billion.

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