Circle’s IPO May Price Above Range Amid Massive Investor Demand: Bloomberg
Circle Internet Group, the issuer behind the USDC stablecoin, is expected to price its initial public offering (IPO) later Wednesday evening — and may exceed its target range due to overwhelming investor demand, Bloomberg reported.
According to the report, investor interest has surged, with orders reportedly exceeding 25 times the number of shares on offer. The company plans to sell 32 million shares in the offering, initially marketed at $27 to $28 per share. Pricing at the top of that range would value Circle at approximately $7.2 billion on a fully diluted basis.
Circle is set to finalize the offering’s price following the close of U.S. markets.
Institutional heavyweights such as BlackRock and Ark Invest are said to be among those placing bids. Bloomberg noted that share allocations will prioritize long-term holders, reflecting a preference for stability over short-term speculation.
The intense demand underscores investor appetite for crypto-adjacent firms, even as the sector faces continued regulatory scrutiny. Circle — a key player in blockchain-based payments — plays a central role in the digital asset ecosystem through its USDC stablecoin, which has become a cornerstone of decentralized finance (DeFi) and centralized exchange operations alike.
