Circle, IPO size expansion…Number of shares·Public offering price both increase

It was revealed through a revised initial public offering (IPO) application submitted to the United States Securities and Exchange Commission (SEC) by the Stablecoin USDC issuer Circle, that the number of shares to be issued was increased from the previous 24 million shares to 32 million shares, and the desired offering price was raised from $24-26 per share to $27-28 per share.

This information was reported through Bloomberg on June 3 (local time).

Circle has already applied for listing on the New York Stock Exchange (NYSE), and this revision is interpreted as reflecting market reactions that indicate investment demand is stronger than expected.

Circle's IPO is being noted as a barometer for accelerating the mainstream entry of the Stablecoin industry, along with the expansion of fund inflow within the cryptocurrency market.