From Yahoo Finance: 2025-05-27 07:27:00

Circle Internet aims for a $6.71 billion valuation in U.S. IPO, offering 24 million shares priced between $24 and $26 each. Trump admin’s positive stance on crypto and progress in trade talks boost IPO market. ARK Investment Management plans to buy up to $150 million shares.

Circle, issuer of USDC stablecoin, seeks IPO after failed SPAC deal. Market cap of over $60 billion, second to Tether. Circle also issues EURC stablecoin. Stablecoin bill in Senate could boost adoption. J.P. Morgan estimates stablecoin market could reach $500-750 billion.

Read more: Stablecoin giant Circle targets $6.7 billion valuation in US IPO