Key Takeaways:
- Circle has increased its IPO to $1.05 billion, offering 34 million shares at $31 each.
- The company’s valuation now stands at $6.9 billion.
- BlackRock plans to acquire at least 10% of Circle once trading starts.
Circle Internet Group, the issuer behind the USDC stablecoin, has once again increased the size of its initial public offering (IPO), now aiming to raise $1.05 billion.
The company plans to sell 34 million shares at $31 each during its New York Stock Exchange debut on June 5.
Circle and some of its shareholders raised nearly $1.1 billion in an upsized IPO, in a sign that stablecoin issuers are winning greater acceptance. https://t.co/2ckAnyJj6z
— Bloomberg (@business) June 4, 2025
This marks a significant jump from its initial plan to offer 24 million shares at $24 to $26, later raised to 32 million shares at $27 to $28.
The revised pricing pegs Circle’s valuation at approximately $6.9 billion, based on earlier regulatory filings.
Notably, investment giant BlackRock has reportedly expressed intent to acquire at least 10% of the company’s shares once trading begins.
Circle’s IPO has drawn strong attention due to its central role in managing USDC, one of the most widely used U.S. dollar-pegged stablecoins in the crypto ecosystem.
The move signals continued mainstream investor interest in blockchain-based financial firms.
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