The firm plans to offer 24 million shares of Class A common stock as part of the listing. Circle will directly issue 9.6 million of the total shares, while existing shareholders intend to sell 14.4 million.
The IPO price is expected to range between $24 and $26 per share. Based on this pricing, the offering could raise as much as $624 million.
Circle will receive only around $250 million from its deal share. However, if underwriters exercise their full overallotment option to purchase an additional 3.6 million shares, the stablecoin issuer could raise $343.2 million.
Meanwhile, the offering remains subject to regulatory approval and broader market conditions.
Other firms included in the deal are AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, and Roberts & Ryan. These firms will serve as junior co-managers.
This IPO filing signals Circle’s growing ambitions in traditional finance.
The move would give investors a new channel for exposure to the expanding stablecoin market, and Circle’s success could set a precedent for other crypto-native firms eyeing public listings.
