Circle Prepares for Public Debut with Larger Share Offering
Circle Internet Group, a global firm in the financial technology sector, is preparing to launch its shares on the New York Stock Exchange this week. The company, well known for its involvement in stablecoins and blockchain-based finance, has finalised the terms of its initial public offering (IPO), increasing the size of the deal ahead of its market debut.
Circle has confirmed it will be offering 34 million shares of its Class A ordinary stock, each priced at $31. This decision follows a previous announcement that had set the offering size at 24 million shares. The updated figures indicate a strong demand from institutional investors, prompting the company to raise both the number of shares available and the price point.
The company’s shares will begin trading under the code “CRCL” on 5 June 2025, with settlement of the transaction scheduled for the following day.
Image 1: (Source: Business Wire)
Company and Shareholders to Sell Stock
Circle itself is issuing 14.8 million shares in the public offering. The remaining 19.2 million shares are being sold by current shareholders, which may include early investors, company executives, or employees. Proceeds from the shares issued directly by Circle will go towards the company’s ongoing business activities and strategic plans. Funds from shares sold by existing shareholders, however, will not be received by the company.
In addition, Circle has provided its banking partners with an option to purchase up to 5.1 million extra shares within 30 days, a standard practice used to manage strong investor demand or stabilise pricing after the float. This allowance, often referred to as an over-allotment, is used at the banks’ discretion.
Leading the underwriting of the IPO are J.P. Morgan, Citigroup, and Goldman Sachs & Co. These major financial institutions are acting as joint bookrunners and are responsible for coordinating the sale of shares to investors. Assisting them are several other banks and financial firms, including Barclays, Deutsche Bank, Société Générale, and a group of co-managers from the investment community.
Strong Interest Prompts Larger Offering
Circle had initially revealed its IPO intentions on 27 May, outlining plans to sell 24 million shares at a proposed price range of US$24 to US$26. That initial plan included 9.6 million shares to be sold by the company and 14.4 million by shareholders. However, after evaluating market interest and investor appetite, the company adjusted the offer upward to 34 million shares at US$31 per share.
The revised offering suggests investors see strong potential in Circle’s long-term growth and market positioning. The ability to increase the size of an IPO typically reflects favourable feedback during investor meetings and early order book building.
Image 2: Circle’s Initial public offering (Source: Protos)
Driving Growth in Digital Finance
Circle operates at the centre of digital financial infrastructure. It is most recognised for issuing USDC and EURC—stablecoins tied to the United States dollar and the euro, respectively. These digital currencies are used widely in payments, trading, and digital financial products, particularly across blockchain platforms.
The company’s broader goal is to support the global adoption of blockchain-based finance. Circle provides a suite of services that help businesses and developers integrate stablecoins and blockchain into their systems, applications, and financial operations. This includes tools that make it easier for businesses to handle digital payments, manage digital assets, and interact with public blockchain networks.
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Through these offerings, Circle aims to build the most extensive and widely used network for stablecoins globally. The company’s focus on transparency, regulatory compliance, and integration with traditional financial systems has positioned it as a leading name in the digital currency space.
The company is also expected to benefit from increased public visibility and credibility, which may encourage new partnerships and accelerate customer adoption of its technologies and services.
