Circle, a leading USDC stablecoin issuer, has adjusted its initial public offering (IPO) plans by increasing the number of shares and raising the price range following strong institutional investor interest. The fintech firm now seeks to offer 32 million shares instead of the previously planned 24 million. This change is reflected in their amended Form S-1 filing with the U.S. Securities and Exchange Commission (SEC). Circle’s updated price range, from $27-$28 per share, reflects a surge in demand as the company prepares for its IPO on June 4th. BlackRock, a significant investor in Circle’s offering, reportedly plans to acquire nearly 10% of the offered shares. The firm’s interest is fueled by their involvement with the Circle Reserve Fund, which holds nearly $30 billion in US dollar reserves needed to support the USDC stablecoin.