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Bloomberg: Circle has raised the issuance scale and pricing range for its IPO.
On June 2, Bloomberg reported that Circle Internet Group Inc. and its shareholders have raised the scale and pricing range of the company's initial public offering (IPO), indicating strong demand from investors for the stock. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the company and some existing shareholders currently plan to issue 32 million shares, with a pricing range of $27 to $28 per share. Previously, Circle and its selling shareholders planned to issue 24 million shares, with a pricing range of $24 to $26 per share.