Circle aims for $7.2b valuation with second share offering

After already securing $624 million in investments, Circle is seeking additional funding, which could raise its valuation to $7.2 billion. Following a successful initial public offering, Circle is now targeting a larger capital raise, the company stated on Monday, June 2. The stablecoin issuer is looking to issue up to 32 million shares priced between $27 and $28, potentially bringing in an additional $896 million in investments. This move follows a previous offering in which Circle raised $624 million from the sale of 24 million shares priced between $24 and $26. At that time, the company’s valuation reached $6.7 billion—placing it ahead of several tech firms, including Lyft . You might also like: GENIUS Act to set stablecoin rules, Circle celebrates: Is Tether’s compliance headache just beginning? Circle’s USDC to benefit from regulatory clarity The strong investor demand for shares reflects growing optimism around the crypto industry under Donald Trump’s administration. This is especially true for stablecoins, which are expected to benefit from enhanced regulatory clarity under the proposed S TABLE Act . Circle is the issuer of USD Coin ( USDC ), the second-largest stablecoin globally after Tether’s USDT. With a market cap of $60.93 billion, USDC is also the largest stablecoin issued by a U.S. company. Its market cap has surged 40% from $43 billion in January 2025. You might also like: RedotPay taps Circle for crypto-to-fiat transfers, launches in Brazil The company’s primary revenue stream is interest earned on U.S. Treasuries backing its stablecoin reserves. In Q1 2025, this brought in $557.9 million in revenue, a 55.1% increase year over year, driven by the expansion of Circle’s market cap. J.P. Morgan, Citigroup, and Goldman Sachs are underwriting the offering, which is scheduled to close on Wednesday, June 4. Circle will trade on the New York Stock Exchange under the ticker symbol CRCL. In July 2021, Circle attempted to go public via a SPAC merger, but the deal ultimately failed after the U.S. Securities and Exchange Commission did not approve it in time. Read more: Coinbase CEO pushes congress to pass stablecoin bill before August