Circle raises $1.1 billion in IPO… Offering price expected to be set at $31

Suehyeon Lee

Summary

Circle announced that it raised $1.1 billion through its IPO.
The expected offering price is $31, which exceeds the previously suggested range.
According to the U.S. SEC filing, the base offering amount for this IPO was expanded to 34 million shares.

Stablecoin issuer Circle has raised about $1.1 billion (approximately ₩1.5 trillion) through its initial public offering (IPO), and the offering price is expected to be set at $31.

According to informed sources cited by Bloomberg on the 5th (local time), some shareholders, including Jeremy Allaire, CEO of Circle, sold shares at $31 per share. This exceeds the previously suggested offering price range of $27–28.

Meanwhile, according to the U.S. Securities and Exchange Commission (SEC) filing, the base offering amount for this IPO was expanded to 34 million shares.

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