Overview

• Circle is offering 24 million Class A shares on the NYSE, with 9.6 million sold by the company and 14.4 million by existing stakeholders.
• The IPO price range of $24 to $26 per share could net Circle nearly $250 million and selling stakeholders up to $375 million.
• Underwriters will have a 30-day option to purchase up to 3.6 million additional shares.
• Shares will trade under ticker 'CRCL' with J.P. Morgan, Citigroup and Goldman Sachs leading the bookrunning.
• The filing follows Circle’s failed 2021 SPAC merger and a recent exploration of a $5 billion sale to Coinbase or Ripple.