Circle's U.S. IPO share price likely set at $31 per share, raising $1.1 billion.

Circle's U.S. IPO share price likely set at $31 per share, raising $1.1 billion.

Circle, the issuer of the USDC stablecoin, has significantly adjusted its initial public offering (IPO) plans. The fintech company has increased its share offering from 24 million to 32 million shares, and the price range has been revised from $24-$26 per share to $27-$28 per share [1].

The move reflects the mounting demand for Circle's shares, with institutional investors, including BlackRock, showing considerable interest. BlackRock is reportedly considering a substantial investment, potentially up to 10% of the offered shares [1].

Circle's relationship with BlackRock is strong, as the asset manager oversees the Circle Reserve Fund, which contains the majority of the U.S. dollar reserves backing the USDC stablecoin. As of April 30, 2024, the fund's assets totaled nearly $30 billion [1].

The revised IPO plans aim to raise up to $896 million, valuing the company at approximately $7.2 billion [2]. This valuation is a significant increase from the previous projections.

The increased share offering and higher price range suggest Circle's confidence in the market's appetite for its shares. The company's strong backing from institutional investors like BlackRock further underscores its attractiveness to potential investors.

References:
[1] https://www.cryptotimes.io/2025/06/02/breaking-circle-ipo-share-price-upscaled-after-blackrock-shows-interest/
[2] https://decrypt.co/news-explorer?pinned=1050104&title=circle-super-sizes-ipo-offering-boosting-valuation-target-to-72-billion