Circle Internet Group Inc., the American issuer of stablecoins (stablecoin), has increased the volume and cost of IPOs, taking into account the high demand from investors against the background of the general trend for crypto companies to enter public markets to attract financing. This is reported in a press release from Circle.
Under the new terms of the deal, Circle and its sponsors are offering 32 million shares at a price of $27-28 per share against the previously proposed 24 million shares at a price of $24-26 per share.
As part of the IPO, Circle expects to raise $896 million at the upper end of the price range, with an estimated total market capitalization of $6.2 billion or $7.2 billion, including employee stock options, restricted stock units and warrants. Initially, Circle planned to raise $624 million at a market value of $6.7 billion.
The key shareholders of Circle are Accel, Breyer Capital, General Catalyst, IDG Capital, Oak Investment Partners and FMR. ARK Investment Management, an American technology company, intends to acquire Circle shares worth up to $150 million, and BlackRock Inc. — 10% of shares in the IPO.
JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs & Co. are acting as the organizers of the stock offering.
The number of transactions involving crypto firms and public companies has increased since the election of Donald Trump as president. In addition, the American Congress is currently considering the GENIUS Act regarding the creation of a regulatory framework for the stablecoin cryptocurrency in the United States and the growth of institutional investments.
A stablecoin is a cryptocurrency pegged to a fiat currency (usually the dollar), which is an integral part of transactions in the cryptocurrency segment. As of March 28, 2025, there were $60 billion stablecoins in circulation, backed by US dollars.
Circle Internet Group, Inc. is an American fintech company in the segment of the USDC/USD stablecoin cryptocurrency pegged to the US dollar. Circle's business model focuses on providing secure and efficient digital currency solutions aimed at combining traditional financial systems with blockchain technology. The company's revenue in 2024 was $1.68 billion.
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