USDC Issuer Circle Aims For $7.2B Initial Public Offering Valuation

Circle Internet Financial is pushing forward with its public listing plans, now targeting a valuation of $7.2 billion as it gears up for an initial public offering.

What Happened: The company announced an increased offering size, reflecting heightened investor interest, with expectations of raising as much as $896 million through the sale of 32 million shares.

Originally, Circle intended to offer 24 million shares priced between $24 and $26.

However, revised filings indicate the firm now aims to price its stock at $27 to $28 per share.

This valuation remains below the $9 billion mark it was set to achieve in a previously abandoned SPAC deal in 2022. …

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