by: xpoolPosted on:

Circle Secures $1.1 Billion In Robust IPO Launch, Signaling Growing Trust in Stablecoins

Circle Internet Group Inc., the issuer behind USDC stablecoin, successfully raised $1.1 billion in its upsized initial public offering (IPO), exceeding expectations and signaling growing confidence in the stablecoin sector. The offering priced shares at $31 per share, well above earlier marketed ranges. This landmark achievement gives Circle a valuation of $6.9 billion based on outstanding shares, with a fully diluted valuation of $8.1 billion. 📈

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