Circle's stock is set to debut on the New York Stock Exchange on Thursday, priced at $31 per share. The stablecoin issuer has raised its offering size to 34 million shares due to strong demand from institutional investors, signaling robust interest from firms like Ark Invest and potentially BlackRock. Earlier filings mentioned an offering price range of $27 to $28, which was an increase from the original $24 to $26. Expert analysts described Circle as a stable option for institutions desiring exposure to crypto without the volatility associated with major exchanges like Coinbase. Despite these advantages, retail investors may find it challenging to engage with Circle due to its lower brand recognition. The company has also put acquisition rumors to rest as it finalizes its IPO plans, with recent amendments to its filing suggesting a commitment to its public offering strategy. The IPO, initially announced last year, represents a significant step for Circle as it aims to solidify its presence in the crypto market.

Source đź”—