Circle raises IPO target to $896M amid investor interest
Circle has raised its IPO target to $896 million, planning to offer up to 32 million shares priced between $27 and $28 each, up from a previous offering of 24 million shares at $24 to $26. This adjustment follows a May announcement of 9.6 million shares of Class A common stock and suggests strong investor interest, coinciding with a favorable regulatory environment under the Trump administration. BlackRock is reportedly looking to acquire a 10% stake in Circle's IPO. Stablecoin transactions reached $94.2 billion between January 2023 and February 2025, highlighting their growing role in global payment systems. Recent US crypto regulations include the bipartisan CLARITY Act, which divides oversight between the SEC and CFTC and establishes a registration regime for digital-asset firms. The SEC has shifted from an enforcement-focused approach to clearer guidelines, including new rules on cryptocurrency staking.
