Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere from $6.8 billion to $8 billion on a fully diluted value. The company that powers the USDC stablecoin will start trading today on the New York Stock Exchange under the ticker symbol CRCL.

Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced the pricing of its upsized initial public offering of 34,000,000 shares of its Class A common stock at a public offering price of $31.

Circle Internet Group (NYSE:CRCL) ended the week on a high note for its initial public offering (IPO). Shares in Circle were initially priced at $31/share,

NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced the launch of the initial public offering of 24,000,000 ...

The stablecoin issuer's initial public offering is widely seen as a bellwether for the cryptocurrency industry at large. Circle's stock traded as high as $95.98 midday Thursday, nearly triple its $31-a-share pricing.

The public offering represents an “accelerant” for Circle as it seeks to establish itself at the heart of a new “internet financial system,” CFO Jeremy Fox-Geen said.

Circle Internet Group, the issuer of the USDC stablecoin, upsized the price and range of its initial public offering in a filing with the Securities and Exchange Commission on Monday. Circle said it plans to sell 32 million shares in an IPO at a price range of $27 to $28 a share.

Circle, the issuer of the USDC stablecoin, is aiming for a fully diluted valuation of up to $7.2 billion in its upcoming initial public offering, according to a Monday filing with the Securities and Exchange Commission (SEC).