Overview
- The company increased its planned Class A offering from 9.6 million shares at $24–$26 to 12.8 million shares at $27–$28 per share.
- Selling stockholders will bring an additional 19.2 million shares to market, up from a previous 14.4 million-share allocation.
- The IPO will trade on the New York Stock Exchange under the ticker CRCL following SEC approval.
- Circle’s USDC stablecoin holds a market capitalization of nearly $61 billion, ranking seventh among cryptocurrencies.
- Funds raised are intended to support expansion of Circle’s Payments Network and capitalize on its stablecoin’s market position.