Circle ups IPO target to $896M as investor demand grows, stablecoin adoption rises, and U.S. regulatory outlook turns more favorable.
Circle, a major stablecoin producer, has raised the money it wants to raise in its initial public offering (IPO).
Circle filed with the US Securities and Exchange Commission (SEC) on June 2 to offer up to 32 million shares at an IPO price range of $27 to $28 per share.
This is more than the 24 million shares offered before at a price range of $24 to $26 per share.
The news comes after the company said in late May that it would give out 9.6 million shares of Class A common stock.
Circle hinted at a value goal of $6.7 billion at the time.
A higher IPO goal shows that investors are very interested in Circle stock.
This happens when President Donald Trump’s administration continues to improve business regulations.
Circle wouldn’t say anything about what was going on with its IPO.
A representative for the company told Cointelegraph:
“We are in a quiet period so cannot comment to press.”
It is common for things to be quiet for a while, and US securities law requires them in IPO timelines.
To stop what lawyers call “gun-jumping,” Section 5 of the Securities Act of 1933 says that a seller can’t make “offers” before the SEC says its registration statement is valid.
The bill says, “The proposed rule change would require that the policies and procedures set quiet periods of at least 10 days after an initial public offering (IPO) and at least three days after a secondary offering.”
People Are Interested In Circle’s IPO Because Of Stablecoin Fever
Many people in the market are interested in Circle’s IPO.
BlackRock, the biggest asset manager in the world, is allegedly planning to buy a 10% stake in Circle’s offering.
As the use of stablecoins grows in a regulatory world that is changing quickly, interest continues to grow.
Reports from late May said that stablecoin deals worth $94.2 billion occurred between January 2023 and February 2025.
The study said, “Overall, stablecoins have established themselves as growing and important parts of the global payment infrastructure.”
This growth has been helped by changes in US regulations that are increasingly friendly to digital assets.
Cryptocurrency Rules Move Forward In US
US crypto regulations have moved very quickly forward in the past few months.
The CLARITY Act, a bill supported by both parties, was introduced in Congress at the end of May.
It divided crypto regulation between the SEC and the Commodities and Futures Commission (CFTC) and set up a way for digital asset companies to be registered.
In May, lawmakers questioned SEC Chair Paul Atkins about his plans for the cryptocurrency industry.
This was one of his first meetings since becoming head of the agency.
This was a significant change from how the regulator handled crypto, which was based on regulation.
The SEC also released new rules on holding cryptocurrency, which is a step toward clarifying the crypto industry’s rules.
It was also recently said that Summer Mersinger, who is leaving her job as CFTC Commissioner, thought that on-shore crypto permanent futures would be approved “very soon.”
