New York, June 5, 2025 - Circle Internet Group's upcoming IPO is experiencing significantly high demand, potentially leading to a pricing above the initially marketed range. This surge in interest reflects strong investor confidence in crypto-related firms, even amidst regulatory changes. (Source: CoinDesk, June 5, 2025)
The stablecoin issuer has reportedly received orders exceeding 25 times the available shares. Circle plans to finalize its pricing after the U.S. market closes on Wednesday. (Source: CoinDesk, June 5, 2025)
The initial plan was to sell 32 million shares at a price between $27 and $28 each. At the higher end of this range, the IPO would value the company at approximately $7.2 billion. (Source: CoinDesk, June 5, 2025)
Major investors, including BlackRock and Ark Invest, are reportedly among those placing orders. Allocations will prioritize long-term investors. Circle, known for its USDC stablecoin, is a key player in blockchain-based payments and finance. (Source: CoinDesk, June 5, 2025)