Circle raises IPO size and pricing range as investor enthusiasm drives valuations higher

According to reports, Circle Internet Group Inc., a US financial technology company, has significantly increased the size and pricing range of its upcoming initial public offering (IPO). According to the company's latest prospectus submitted to the US Securities and Exchange Commission (SEC), Circle and some existing shareholders currently plan to issue 32 million shares, with a pricing range of US$27 to US$28 per share.

In contrast, Circle's previous issuance plan was relatively conservative, with an original plan to issue 24 million shares and a lower price range of US$24 to US$26 per share. The increase in the number of shares and the price range means that the company plans to raise a large amount of funds through the IPO, which also indirectly confirms investors' confidence in its business model, market prospects and industry position.

Circle is a financial technology company focusing on digital payments and blockchain infrastructure. It is best known for its stablecoin USDC (USD Coin), which has become one of the world's major dollar-anchored stablecoins. USDC is widely used in decentralized finance (DeFi), cross-border payments, Web3 applications and cryptocurrency transactions. Its transparency, compliance and regulatory cooperation strategy also give it a solid position in the competitive stablecoin market.

At present, the attention of the US and global markets to crypto assets and blockchain infrastructure companies continues to heat up, and Circle, as one of the core participants in the industry, has obvious policy advantages and business foundations. This IPO has attracted much attention and is also considered an important step for the digital asset field to move towards the mainstream financial market.

Industry insiders pointed out that Circle's increase in the issuance scale and pricing range this time may be based on the positive feedback from the initial investor roadshow. In the IPO process, companies usually set a price range in the early stage and make adjustments based on investor demand and market expectations. An increase in the pricing range often means that institutional investors are more interested than expected and have high confidence in future stock price performance.

If the issuance is finally completed at the upper limit price of US$28 per share, Circle's IPO financing amount may exceed US$890 million, providing strong financial support for the company to expand its business in the global market, promote product innovation and strengthen regulatory compliance.