The main stablecoin issuer Circle has raised its initial public offering (IPO) target to $896 million.
According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on June 2, Circle now plans to issue up to 32 million shares at an IPO price range of $27 to $28 per share, an increase from the previous 24 million shares (priced between $24 and $26).
This news follows the company's announcement at the end of May that it would issue 9.6 million Class A common shares. At that time, Circle hinted at a target valuation of $6.7 billion.
The increase in the IPO target indicates strong investor interest in Circle's stock. This comes as the U.S. government, under President Trump, continues to create an increasingly favorable regulatory environment for the industry.
Circle declined to comment on the progress of its IPO. A company spokesperson told Cointelegraph:
“We are in a quiet period and cannot comment to the media.”
The quiet period is standard practice, as U.S. securities law requires a quiet period in the IPO timeline. According to Section 5 of the Securities Act of 1933, issuers cannot make an "offer" before the SEC declares their registration statement effective, to avoid what market lawyers call "gun-jumping."
Relevant laws state: “Proposed rule changes will require policies and procedures to establish a quiet period of at least 10 days after an initial public offering (IPO) and at least 3 days after a secondary offering.”
Circle's IPO is attracting significant interest from market participants, with reports indicating that the world's largest asset management firm, BlackRock, plans to hold a 10% stake in Circle's offering.
As stablecoin adoption continues to expand in a rapidly changing regulatory environment, interest remains high. A report at the end of May showed that stablecoin transaction settlements reached $94.2 billion from January 2023 to February 2025.
The report noted: “Overall, stablecoins have established their position as an increasingly important component of the global payment infrastructure.” This growth is attributed to the evolving favorable regulatory environment for digital assets in the U.S.
In recent months, U.S. cryptocurrency regulation has advanced rapidly. At the end of May, a bipartisan bill, the CLARITY Act, was submitted to Congress, allocating cryptocurrency regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC), while creating a registration system for digital asset companies.
In May, SEC Chairman Paul Atkins attended a legislative hearing for the first time since taking over the agency, answering questions about its plans for the cryptocurrency industry. This marks a significant shift in the regulator's approach from a previously enforcement-focused strategy to one that engages with the crypto industry.
The SEC has also released new guidelines on cryptocurrency staking, moving towards clearly defining rules for the crypto industry. Reports indicate that outgoing CFTC Commissioner Summer Mersinger recently stated that domestic crypto perpetual futures are expected to be approved "soon."
Related: OpenSea expands beyond the NFT space, launching OS2 public version
Original article: “Circle Raises IPO Target to $896 Million Amid Strong Investor Interest”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
