Circle Internet Group, a key stablecoin provider recognized for USDC, is launching its IPO on the NYSE, with shares priced at $31 each, raising approximately $1.1 billion. Valued at $6.9 billion pre-IPO, it could increase to $8.1 billion after dilution. The offering includes 34 million shares, with 14.8 million newly issued and 19.2 million from existing shareholders. The IPO reflects optimism in the cryptocurrency sector amidst ongoing market fluctuations.
Circle Internet Group, the issuer of USDC and EURC stablecoins, debuted on the NYSE with an IPO price of $31 per share, aiming to raise $1.1 billion.
Circle's current valuation stands at around $6.9 billion, which may rise to $8.1 billion post-dilution, showing strong market confidence despite current volatility.
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