Circle increases its IPO: points to an assessment of USD $ 7.2 billion

By Hannah Pérez

The USDC stablecoin issuer revealed that he hopes to raise up to USD $ 896 million with his IPO. Initially it would offer 24 million shares, but now it will sell 32 million, which suggests greater interest from investors.

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• The USDC sender increases the size of its IPO.
• He went from offering 24 million shares to 32 million to raise USD $ 896 million.
• The measure suggests a greater interest from investors than expected.
• Blackrock is allegedly among those interested in buying shares in the IPO.

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Circlethe leading company in the market Stablecoinshas increased the size of its newly released initial public offer (IPO), pointing to an assessment of USD $ 7.2 billion, which suggests a greater appetite than expected by investors.

The USDC station formally requested an IPO in the New York Stock

The plans have expanded, with the company now saying that it plans to offer up to 32 million shares with a price between USD $ 27 and USD $ 28 each, raising up to USD $ 896 million. In addition to representing an extension of the offer, the figure also reflects an increase in the price of the shares, which initially Circle He said in May would sell for USD $ 24 to USD $ 26 each.

The previous reports estimated that Circle I was looking for an valuation of USD $ 4 billion to USD $ 5 billion.

The measure suggests that the interest of investors in Circle It is growing and is possibly heating faster than expected.

The public launch of the Stablecoins station has been calling the attention of some high -profile institutions such as Blackrock. According to a recent report from Bloombergthe administrator giant with more than 11 billion dollars in assets under management, intends to acquire 10% of the shares of Circle In the IPO.

It has also been reported that the investment firm Ark Investment Cathie Wood is interested in buying up to USD $ 150 million ordinary class A shares of the USDC station.

The interest in the IPO of Circle It occurs at a time of boom for the market Stablecoinswhose capitalization has grown over USD $ 250 billion in the middle of the efforts of the traditional financial industry for incorporating these assets with fiduciary parity. Banks such as Societe Generale and Santander They are some of those who have recently moved towards Stablecoins.

USDC, issued by Circleis the second largest Stablecoin With a market capitalization of USD $ 60.9 billion, just behind USDT of Tetheraccording to data from Coinmarketcap.

The shares are expected to be listed and marketed under the “CRCL” ticket, with the support of JPMorgan, Citigroup and Goldman Sachs as the main corridors of the IPO. The firm has not provided an exact release date.

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Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash, edited, with Circle logo

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