by: xpoolPosted on:

Circle Increases IPO Size, Aims for $7.2 Billion Valuation

Circle Internet Financial is boosting its Initial Public Offering (IPO) by increasing its share offering to 32 million shares. This move aims to raise up to $880 million and values the company at an estimated $7.2 billion. The decision, led by CEO Jeremy Allaire, focuses on greater transparency as Circle seeks a listing on the New York Stock Exchange. The IPO is anticipated to boost public scrutiny of Circle’s USDC stablecoin, currently valued at $62.1 billion, with potential implications for regulatory confidence in this sector.

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