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Circle Internet Group is making moves toward an IPO that could secure a valuation around $6.7 billion, with shareholders targeting a $624 million offering through 24 million Class A shares priced between $24 and $26. The development marks a high-stakes entry into the crypto market amid escalating investor scrutiny and industry volatility.
Circle Internet Group's IPO offers 24 million Class A shares, expected to be priced $24-$26, with NYSE listing under "CRCL." Goldman Sachs among lead bookrunners.
Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million at a $5.65 billion valuation.
Stablecoin Issuer Circle, Shareholders Seek $624 Million in IPO Bloomberg.com
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