Circle's Ambitious IPO: $7.2 Billion Valuation Signals Surging Investor Demand for Stablecoin Giant
David ClarkeCircle now forecasts that its stock will go for as much as $28 a share on Wall Street—a sign of increased investor interest in the stablecoin issuer's offering.[...]
Circle Boosts IPO Plans, Aiming for $7.2 Billion Valuation
Stablecoin issuer Circle is accelerating its initial public offering (IPO) plans, raising both the expected price and volume of shares it will offer on Wall Street.
A recent SEC filing reveals Circle now intends to sell 32 million Class A common stock shares at $27 to $28 per share, potentially raising up to $896 million. This marks a notable increase from its initial proposal of 24 million shares priced between $24 and $26 each.
The updated IPO strategy would value Circle at $7.2 billion on a fully diluted basis—up from the earlier $6.7 billion estimate. Such adjustments often reflect growing investor confidence ahead of the company's anticipated New York Stock Exchange debut later this week under the ticker symbol CRCL.
J.P. Morgan, Citigroup, and Goldman Sachs are leading the underwriting for the offering. Circle will sell 12.8 million Class A shares, while existing investors—including General Catalyst, Breyer Capital, and IDG Group—plan to offload an additional 19.2 million shares.
As the second-largest stablecoin issuer globally behind Tether, Circle has voiced support for registering its USDC stablecoin under potential new regulations if Congress advances stablecoin legislation.
