Circle Expands IPO Target to $896M Amid Strong Demand, Eyes $6B Valuation

Circle Internet Financial has significantly upsized its planned initial public offering, now targeting up to $896 million at a potential $6 billion valuation. The stablecoin issuer increased its share offering from 24 million to 32 million shares, pricing them between $27 and $28 apiece in a June 2 SEC filing.

Institutional demand appears robust, with Bloomberg reporting oversubscribed orders. BlackRock and Ark Invest are among notable expected buyers. The MOVE comes as USDC, Circle’s dollar-pegged stablecoin, maintains its position as a sector leader with over $60 billion in market capitalization.

Circle has fortified its regulatory standing with in-principle approval in Abu Dhabi and a strategic partnership with Hub71 for product testing. The IPO revival signals renewed confidence in crypto markets following earlier tariff-related volatility.