Circle has revised its IPO plans, increasing both the number of shares offered and their price range, reflecting heightened investor interest. According to a new SEC filing, Circle now aims to sell 32 million shares of Class A common stock at prices between $27 and $28, seeking to raise up to $896 million. This adjustment raises the anticipated fully diluted valuation from $6.7 billion to $7.2 billion. Previously, Ripple had offered to acquire Circle for between $4 billion and $5 billion but was turned down. Circle's IPO is slated to trade under the ticker CRCL on the New York Stock Exchange and is underwritten by major financial institutions such as J.P. Morgan, Citigroup, and Goldman Sachs. The offering is seen as a strategic move, particularly as Circle positions itself to align with possible new regulatory frameworks for stablecoins as it seeks to expand the USDC product under these regimes.

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