The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to $28, aiming to raise up to $896 million.
At the high end of that range, Circle’s implied market capitalization would be approximately $6.2 billion, with a fully diluted valuation of about $7.2 billion, according to regulatory filings.
The IPO arrives as US lawmakers debate stablecoin legislation that could bring regulatory clarity and mainstream legitimacy to digital dollar-pegged tokens.
