Circle’s IPO Valuation Jumps Above $1 Billion after Price Hike

Circle Internet Group, Inc., the issuer of popular stablecoin USDC, has significantly boosted its initial public offering (IPO) size to over $1 billion. The company is now selling 34 million shares at a price of $31 each on the New York Stock Exchange after initially aiming for 32 million shares priced between $27 and $28 per share.