Circle Internet Financial Targets $7.2B Valuation in IPO Move

Circle Internet Financial has set its sights high, aiming for a $7.2 billion valuation in its newly expanded initial public offering (IPO). The company announced on June 2 that it plans to raise $896 million by selling 32 million shares. This development clearly shows growing investor confidence in the company’s IPO move. Circle Boosts IPO Amid Rising Investor Buzz Initially, Circle filed to offer 24 million shares priced between $24 and $26 each in late May with the U.S. Securities and Exchange Commission (SEC). However, the company has increased the number of shares to 32 million and raised the expected price to $27 or $28 per share. This change reflects stronger demand from investors eager to back the firm’s public debut. In 2022, Circle had planned a merger with a Special Purpose Acquisition Company (SPAC) that valued the business at $9 billion. However, according to the Wall Street Journal, that deal was canceled. Despite this, major financial firms like BlackRock are showing strong interest in Circle’s current IPO plans. Circle Ends Buyout Rumors Circle plans to list its shares on the New York Stock Exchange under the ticker symbol CRCL. Although the company has not announced a specific date for the IPO, it had initially targeted the end of April. This got delayed due to economic uncertainty tied to trade tariff negotiations under the Trump administration. In recent weeks, Coinbase and Ripple have reportedly expressed interest in acquiring Circle. However, a company spokesperson confirmed that Circle is not currently considering any merger or acquisition offers. Experts Say Stablecoins Poised for Growth Circle is widely known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market value. Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a traditional currency like the U.S. dollar. Notably, Circle’s revenue is smaller than that of its top competitor, Tether. Nevertheless, the company has reported a 55.1% increase in earnings from its Treasury bond investments, reaching $557.9 million in the first quarter of 2025. The use of stablecoins has steadily increased over the years. In January, the stablecoin market smashed through the $200 billion mark , showing that stablecoins are no longer seen as a niche asset class. Experts believe the stablecoin market will grow due to clearer regulations and broader acceptance beyond the crypto world. Analysts at Standard Chartered predict that the market could grow tenfold by the end of 2028. Additionally, a recent survey by Artemis found that business-to-business (B2B) stablecoin transactions now make up the most considerable portion of trading volumes. The post Circle Internet Financial Targets $7.2B Valuation in IPO Move appeared first on TheCoinrise.com .