Circle Internet, a prominent issuer of the stablecoin USDC, announced on Wednesday that its enlarged U.S. initial public offering (IPO) had been priced at $31 per share, raising a significant $1.05 billion. This development adds more impetus to the trend of mature cryptocurrency firms contemplating public market entry.
In this IPO, Circle and its investors offloaded 34 million shares at $31 each, setting the company’s valuation at approximately $8 billion on a fully diluted basis. The IPO was initially promoted with a share price range of $27 to $28.
This public debut of Circle is among the largest of the year, coming at a time when the markets have been shaken by trade policies from the Trump era, causing firms planning to go public to adopt a cautious stance.
Nevertheless, the public market entry of firms like Israeli fintech eToro has brought a sigh of relief to investors observing new public offerings.
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