Circle Internet Financial has announced plans for an IPO aiming for a $7.2 billion valuation, targeting to raise $896 million by issuing 32 million shares.
Circle Increases Share Count in IPO
Initially, Circle filed to offer 24 million shares priced between $24 and $26 each. However, the company has raised the share count to 32 million and adjusted the expected price to $27 or $28 per share, reflecting increased investor demand for the firm's public debut.
Circle Denies Buyout Rumors
Circle plans to list its shares on the New York Stock Exchange under the ticker symbol CRCL. While a specific date for the IPO has not been announced, the company initially targeted the end of April. Recently, reports emerged suggesting that Coinbase and Ripple were interested in acquiring Circle, but a company spokesperson confirmed that Circle is not currently considering any merger or acquisition offers.
Experts Forecast Growth for Stablecoins
Circle is known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market value. Although Circle’s revenue is smaller than that of its top competitor, Tether, it reported a 55.1% increase in earnings, reaching $557.9 million in Q1 2025. Experts believe that the stablecoin market will grow due to clearer regulations and broader acceptance beyond the crypto world.
In summary, Circle Internet Financial's IPO highlights significant investor interest in the company and the growing stablecoin market, which analysts believe has the potential for further growth.
