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8h ago

Circle Files $1.3 Billion Secondary Offering at $130 a Share

Circle will raise fresh capital for general purposes through its portion of the sale after strong Q2 results highlighted growing investor confidence under new regulatory clarity.

Circle to offer 10 million class a shares at $130 each
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Overview

  • The offering includes 10 million Class A shares at $130 each with Circle selling 2 million shares and existing shareholders offloading 8 million without proceeds to the company.
  • At $130 a share, the secondary price stands more than four times higher than Circle’s $31 IPO in June.
  • CRCL shares are trading near $137 in pre-market trading, slightly below their recent close of $139.23 and well under the $298.99 intraday peak in late June.
  • Circle plans to deploy proceeds from its share sale toward general corporate purposes, including funding its payments network and blockchain initiatives.
  • Investor demand has been driven by robust Q2 revenue from USDC reserve income and progress on stablecoin regulation such as the GENIUS Act.