StableCOin Issuer Circle Internet Group can price its upcoming original public offer (IPO) well over its marketed range after demand from investors far exceeded the supply, according to Bloomberg.
The company has allegedly received orders for more than 25 times the number of available shares in the offer. Circle is expected to end its pricing after US market times on Wednesday.
Circle’s latest filing at Securities and Exchange Commission (SEC) showed plans to sell 32 million shares at an interval between $ 27 and $ 28 per year. Pcs. At the high end of this interval, the IPO would appreciate the company of approx. $ 7.2 billion on a fully diluted basis.
Investors who place orders may include larger institutions such as Blackrock and Ark Invest. Awards will favor buyers who plan to keep the stock in the long term, according to the report.
The major interest signals strong demand for exposure to crypto-related companies, even when the industry navigates in an evolving regulatory landscape. Circle, best known for issuing USDC stableecoin, plays a critical role in the blockchain-based payments and financing infrastructure.
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