Circle Ups IPO Size to $7.2 Billion Valuation

Circle Internet Financial has bolstered its initial public offering (IPO) share offering, aiming for a valuation of $7.2 billion. The company raised the number of shares offered from 24 million to 32 million, reflecting strong investor demand and growing confidence in the company’s position within the cryptocurrency sector. This decision comes amid high interest from investors, notably BlackRock, as the market witnesses a surge in activity. Circle’s IPO strategy reflects a belief in the expanding applications of stablecoins in the global economy. The price range for the new shares is $27-$28 each, and this strategic adjustment positions Circle to capitalize on the growing interest within the cryptocurrency space.