Circle Expands IPO Share Offering to Target $896 Million Amid Strong Institutional Demand

Circle Internet Group Inc. has significantly increased its initial public offering, now aiming to raise up to $896 million by offering 32 million shares, up from the previously planned 24 million. The share price range has also been revised upward to $27–$28, reflecting robust demand from institutional investors.

The revised valuation places Circle’s market capitalization at nearly $6.2 billion, with a fully diluted valuation approaching $7.2 billion when accounting for employee options and warrants. Leading financial institutions, including JPMorgan, Goldman Sachs, and Citigroup, are underwriting the IPO.

This move comes amid a broader rebound in U.S. public offerings, with Circle attracting strong interest from investors. The increased offering size and price range underscore the market’s appetite for tech-savvy finance companies, particularly those with ties to the cryptocurrency sector.