Circle Raises $130 per Share in Massive IPO Secondary Offering

Circle Internet Group has priced a substantial secondary offering of 10 million Class A shares at $130 per share, marking a four-fold increase from its June IPO price. This comes on the heels of record USDC circulation and strong Q2 earnings results that have fueled investor demand for the stablecoin issuer’s stock. The offering is expected to raise over $1.3 billion, giving Circle additional capital to support expansion plans.