Circle IPO Could See Price Raised on Over-Subscription… Explosive Demand

JH Kim

Summary

Circle's IPO was reportedly oversubscribed, making it highly likely that the public offering price will exceed expectations.
Circle set a price range of $27–28 per share, putting its valuation at about $7.2 billion.
With explosive demand from major institutions such as BlackRock and ARK Invest, the industry expects this successful IPO to have a positive impact on the stablecoin and virtual asset sectors overall.

On the 4th (local time), virtual asset (cryptocurrency) specialist media outlet CoinDesk, citing Bloomberg, reported that the initial public offering (IPO) of dollar-based stablecoin USDC issuer Circle is seeing oversubscription and that the public offering price is likely to exceed expectations.

Circle announced, through documents submitted to the U.S. Securities and Exchange Commission (SEC), plans to sell 32 million shares at $27–28 per share. This would give the company a valuation of approximately $7.2 billion.

Major institutional investors such as BlackRock and ARK Invest are participating in the IPO, and total subscription demand is reportedly over 25 times the available supply.

Industry insiders believe the strong demand for Circle's IPO sends a positive signal for the broader stablecoin and virtual asset industry.