Circle Seeking $7.2B Valuation in IPO
The stablecoin issuer is upgrading its ambitions for its public offering as it hopes to raise nearly $900 million.
Circle is seeking a $7.2 billion valuation with an upsized IPO on the NYSE, showcasing significant confidence in the firm's growth potential.
What’s the Scoop?
- Upsized Plans: Circle increased its IPO offering to 32 million shares, priced between $27 and $28, up from an initial 24 million shares at $24 to $26.
- Valuation Target: At the upper end of the price range, Circle's post-IPO valuation would reach $7.2 billion.
- Stock Details: Circle plans to list on the New York Stock Exchange under the ticker symbol CRCL.
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