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Circle Prices IPO at $31 Per Share, Valuing Stablecoin Issuer at $6.9 Billion
Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.9 billion.
Circle Upsizes NYSE IPO to $1.05B — Here’s What Investors Should Watch
Major investors signaled confidence in the offering. ARK Invest showed interest in purchasing up to $150m in shares, while BlackRock is expected to acquire roughly 10% of the IPO allocation. BlackRock also manages the Circle Reserve Fund, a government money market fund holding 90% of USDC’s reserves, valued at $53.3b as of this week.
BlackRock (NYSE:BLK), the world’s largest asset manager, is planning to acquire approximately 10% of Circle Internet Group’s ...
(Reuters) -Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, ...
Crypto mania is back. And Circle Internet Group, a leader in the world of stablecoins, is hoping to benefit from the rebound.
Circle goes public as stablecoin adoption and regulation hit a key turning point. Can $CRCL prove resilient if interest ...
Self Employed on MSN5d
Circle plans to list on NYSECircle has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol CRCL. The IPO ...
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