Circle (CRCL) Plans to offer 10 million shares in a secondary share sale priced at $ 130 per Share, more than four times for the price of the original public offer in June.
The StableCOin issuer behind the USDC -Tokenet offers in itself 2 million shares in Class A stock, said in a Tuesday, archived at the US Securities and Exchange Commission (SEK). Existing shareholders who put the other 8 million.
The company will use the revenue from the sale of its shares for general business purposes. It does not receive any income from shareholders’ sales.
The shares debuted at the New York Stock Exchange in early June after being price for $ 31. They rose on trade and rose as much as 235% the first day before closing at $ 83. The share hit a record $ 298.99 on June 23 and closed on Thursday at $ 139.23, a loss of over 9% on the day.
CRCL shares were recently 1.63% lower at $ 136.98 in trading before the market.
