Circle’s IPO Set to Price Above Target Amid Surging Demand, Bloomberg Reports
Investor appetite for Circle Internet Group’s upcoming IPO is pushing the pricing above the initial $27 to $28 range, according to Bloomberg. The company is planning to offer 32 million shares, with demand reportedly exceeding supply by more than 25 times.
If priced at the top end, Circle’s valuation would reach approximately $7.2 billion on a fully diluted basis. Institutional investors such as BlackRock and Ark Invest are among those placing large bids, with a focus on long-term holding.
The strong demand highlights growing confidence in Circle’s USDC stablecoin and its critical role in the cryptocurrency ecosystem, even as regulatory scrutiny intensifies.
Final pricing is expected after the close of U.S. markets on Wednesday.
