Circle Internet Group Stock Remains in High Demand
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Stablecoin company Circle has soared in its market debut. But there are good reasons to not chase the stock at these lofty levels.
Circle’s $1 billion IPO marks one of the biggest fintech debuts in years, attracting major backers like SBI and Sigil.
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Circle, the issuer of the USDC stablecoin, is aiming for a fully diluted valuation of up to $7.2 billion in its upcoming initial public offering, according to a Monday filing with the Securities and Exchange Commission (SEC).
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Circle moves to cash in on strong IPO demand, upgrades funding goal to $896MCircle and its shareholders have increased the size and price of the company’s initial public offering, reflecting the apparent interest that investors have
Circle Internet Group Inc. and its shareholders have increased the size and price of the company’s initial public offering, suggesting strong investor demand for the stock.
Circle’s most recent filing with the Securities and Exchange Commission (SEC) showed plans to sell 32 million shares at a range between $27 and $28 apiece. At the high end of that range, the IPO would value the company at roughly $7.2 billion on a fully diluted basis.
Circle ( CRCL, Financials ), the issuer of USDC, saw its shares jump 245% in its debut weekan explosive public market entrance that could set off a wave of crypto IPOs, according to a new report from Bybit.
A number of cryptocurrency firms have filed for initial public offerings in 2025. More may follow given “pent-up demand for crypto-oriented companies,” according to one crypto VC.
After Circle’s standout IPO performance last week, all eyes are turning to Chime Financial. The well-known neobank is scheduled to begin trading on Thursday and could benefit from a rush of IPO excitement.
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