Circle Plans $896M IPO, Targets $7.2B Valuation Amid Investor Demand

Circle Internet Group has increased the size and price range of its initial public offering (IPO) due to strong investor demand, now planning to issue 32 million shares priced between $27 and $28. This adjustment could raise up to $896 million and value the company at approximately $7.2 billion on a fully diluted basis, up from earlier estimates of $6 billion. The company is the issuer of USDC, the second-largest dollar-pegged stablecoin with a market capitalization exceeding $60 billion, and is gaining significant interest from institutional investors including BlackRock, which is expected to buy around 10% of the shares, and Ark Invest, planning to invest up to $150 million. Circle’s IPO comes amid a broader resurgence in U.S. IPO activity and growing institutional adoption of stablecoins, which are increasingly integrated into traditional finance and decentralized finance ecosystems. Legislative developments under the Trump administration, such as the CLARITY Act and the GENIUS Act, are advancing regulatory clarity for digital assets, potentially benefiting stablecoin issuers like Circle. The company's move to go public reflects confidence in stablecoins' mainstream relevance and the expanding digital finance market.