Circle, the stablecoin issuer, has increased the number of shares it plans to offer in its upcoming initial public offering (IPO) on the New York Stock Exchange. The company is set to offer 32 million shares of Class A common stock, with a price range between $27 and $28 per share. This is an increase from its previous plans to offer 24 million shares, reflecting higher investor demand. Notably, 19.2 million of these shares will come from selling stockholders, meaning Circle will not receive proceeds from those sales. Interest from major investment firms, such as ARK Investment Management and BlackRock, has been noted, with ARK indicating an interest in purchasing up to $150 million worth of shares. These developments signal a positive outlook for Circle as it prepares to go public.

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