Arianda
06-03

$Circle Internet Corp.(CRCL)$ Circle Internet Group, the issuer of the USDC stablecoin, has increased its upcoming initial public offering (IPO) to raise up to $896 million. The company now plans to offer 32 million shares at a price range of $27 to $28 each, up from the previous plan of 24 million shares priced between $24 and $26. This adjustment reflects strong investor demand and a favorable regulatory environment under the current U.S. administration. The IPO is expected to value Circle at approximately $7.2 billion on a fully diluted basis

The company is set to list on the New York Stock Exchange under the ticker symbol “CRCL.” Circle’s flagship product, USDC, is the second-largest stablecoin by market capitalization, currently valued at nearly $61 billion. The IPO is attracting significant interest from institutional investors, with firms like BlackRock reportedly planning to take a 10% stake in the offering. Circle’s profitability has been bolstered by its business model of using reserves to generate investment and interest income.

For investors considering participation in Circle’s IPO, it’s important to weigh the company’s strong market position and growth prospects against the competitive landscape and regulatory uncertainties. While Circle’s USDC has established itself as a significant player in the stablecoin market, competition from other stablecoins and potential regulatory changes could impact future performance. As with any investment, thorough research and consideration of individual financial goals and risk tolerance are essential. 

Circle Dumping Risk? Cash Out at $150 or Time to Bottom?
Circle beats revenue but fell as it 5% as it files to sell 10M shares of Class A common stock. Circle reported a net loss of $482 million in the second quarter, compared with a $33 million profit a year ago. Revenue increased by 53% to $658 million, surpassing Wall Street estimates of $646 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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