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Circle raises IPO target to $896M amid strong investor interest

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 314 Views

Circle has increased its IPO target to $896 million amid rising investor interest, growing stablecoin adoption and a more favorable US regulatory environment.

Update (June 2 at 2:42 pm UTC): This article has been updated to include a statement from Circle.

Major stablecoin issuer Circle has increased its initial public offering (IPO) target to $896 million.

According to a June 2 filing to the US Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of $27 to $28 per share, an increase from the previous offering of 24 million shares priced between $24 and $26.

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