From Yahoo Finance: 2025-06-02 13:45:00

Circle, known for rejecting Ripple’s acquisition offer, announces an upsized IPO targeting a valuation of up to $7.2 billion. The firm plans to offer 32 million shares to potentially raise $896 million, with an IPO price range of $27-$28 per share. Wall Street giants like JPMorgan are lead underwriters. Circle’s USDC stablecoin is the second-largest, pegged 1:1 to USD, accounting for 25% of the stablecoin market worth $248 billion. President Trump-backed crypto project launches USD1 stablecoin. Circle’s move is significant amid recent Senate developments related to stablecoins.



Read more at Yahoo Finance: Circle that rejected Ripple’s acquisition offer has a major announcement