Circle’s U.S. IPO Valuation Raised to $7.2B as Investor Demand Surges

Circle, the company behind the USDC stablecoin, has increased its IPO share offering and raised its price range, reflecting robust investor enthusiasm as it prepares to go public. The latest filing with the SEC reveals plans to offer up to 32 million shares priced between $27 and $28, up from the initial 24 million shares at $24 to $26 set in May. This move elevates Circle’s fully diluted valuation target to $7.2 billion.

The stronger demand appears to be driven by leading institutional investors. BlackRock, the world’s largest asset manager, is reportedly considering purchasing as much as 10% of the IPO shares. Cathie Wood’s Ark Invest has also committed to acquiring $150 million worth of Circle stock, underscoring confidence from prominent market participants.

Circle’s IPO is timed well, as stablecoins continue to expand their role within the broader financial ecosystem. Beyond their traditional use in crypto trading, stablecoins like USDC are increasingly critical in decentralized finance (DeFi), cross-border payments, and even conventional financial infrastructure.

The stablecoin sector’s total market capitalization now stands around $248 billion, with Tether’s USDT dominating 62% at $154 billion, followed by Circle’s USDC at $60 billion, according to DeFiLlama data.