Circle Raises $1 Billion via Ambitious Stock Offering, Fueling Growth in Digital Assets

Circle, a prominent issuer of stablecoins based in the U.S., has announced a significant strategic move: a secondary public offering (IPO) that will raise approximately $1 billion. This IPO involves the sale of 10 million shares, with a pricing target of $130 per share – four times higher than the initial June offering price. The proceeds from the sale are intended for general company operations.