Bloomberg: Circle’s Public Debut Could Price Above Range on Overwhelming Demand

Circle’s IPO Demand Surges, Pricing Likely to Exceed Initial Range: Bloomberg

Circle Internet Group is poised to price its IPO above the projected $27 to $28 per share, driven by exceptional investor demand, according to Bloomberg. The company plans to sell 32 million shares, with orders reportedly surpassing 25 times the available shares.

At the upper price range, Circle’s valuation would approach $7.2 billion on a fully diluted basis. Institutional heavyweights such as BlackRock and Ark Invest are among the key bidders, prioritizing long-term shareholdings.

This robust interest signals strong market confidence in Circle’s USDC stablecoin and its expanding footprint in the blockchain payments industry, despite ongoing regulatory challenges.

Pricing is expected to be finalized following the U.S. market close on Wednesday.