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Circle, a stablecoin issuer, plans a $7.2 billion IPO, aiming to raise up to $896 million.
Stablecoin company Circle is planning an upsized IPO targeting a $7.2 billion valuation by selling 32 million shares priced between $27 and $28, raising up to $896 million.
Circle, issuer of USDC, the second-largest stablecoin, expects growth from an upcoming stablecoin bill, and its revenue from backing Treasuries rose 55.1% to $557.9 million in Q1 2021.
The IPO, led by J.P. Morgan, Citigroup, and Goldman Sachs, will list on the New York Stock Exchange as "CRCL."
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Circle, un emisor de monedas estables, planea una salida a bolsa de $ 7.2 mil millones, con el objetivo de recaudar hasta $ 896 millones.