Stablecoin issuer Circle Internet Group has significantly increased the size and pricing of its long-awaited initial public offering (IPO), aiming to raise $1.05 billion before its debut on the New York Stock Exchange on June 5th. The company now offers 34 million shares at $31 each, exceeding the earlier marketed range of $27 to $28 and a substantial jump from its initial offer of 24 million shares priced between $24 and $26. Circle’s IPO is further bolstered by an additional option for underwriters to purchase up to 5.1 million shares, potentially increasing the offering even higher. This pricing strategy puts Circle’s valuation at approximately $6.9 billion based on over 220 million outstanding shares as detailed in a June 2 SEC filing. 4 Circle has decided not to issue dividends and will instead reinvest earnings for product development, expansion efforts, and potential acquisitions.