Circle raises IPO target to $896M amid strong investor interest

Circle Internet Group, the issuer of the popular USDC stablecoin, has raised its initial public offering (IPO) target to $896 million amid strong investor interest and growing adoption of stablecoins.

This increase reflects an upsizing from a previous target of $624 million and an earlier valuation estimate of around $6.7 billion to a new valuation target of up to $7.2 billion on a fully diluted basis.

The company plans to offer up to 32 million shares priced between $27 and $28 each, up from the earlier plan of 24 million shares at $24 to $26 per share. Of these shares, Circle itself will offer 12.8 million, while existing shareholders will sell 19.2 million shares.

The IPO will be listed on the New York Stock Exchange under the ticker symbol "CRCL," with JPMorgan, Citigroup, and Goldman Sachs acting as lead underwriters.

The upsized IPO is driven by strong investor demand, including interest from major asset managers, which reportedly plans to take a 10% stake in the offering.

This enthusiasm is supported by the expanding use of stablecoins in the digital payments infrastructure and a more favorable regulatory environment in the US under President Donald Trump's administration, which is fostering clearer and more supportive crypto regulations.

Circle's decision to raise its IPO target to $896 million signals robust investor confidence in the company and the stablecoin sector, supported by growing market adoption and improving regulatory clarity in the United States.

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