Circle’s going bigger. The stablecoin giant (USDC-USD) just raised its IPO target to a hefty $896 million, as investor appetite — and Washington’s mood — both swing in its favor.
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Circle Expands IPO Ambitions with More Shares, Higher Price
In a new SEC filing dated June 2, Circle said it plans to sell up to 32 million shares at $27 to $28 apiece. That’s a notable step up from its previous 24 million share plan at $24–$26. The filing doesn’t spell out why, but the subtext is clear: demand is strong, and Circle knows it.
Circle didn’t offer any public comment on the move, citing the usual “quiet period” rules that keep companies silent ahead of IPOs. But even without words, the math speaks volumes — this is a company leaning into investor momentum.
Strong Demand Tied to Stablecoin Growth and Regulatory Tailwinds
The timing couldn’t be better. Stablecoin usage is booming, with $94.2 billion worth of stablecoins settled between January 2023 and February 2025, according to DefiLlama. That’s not just crypto speculation — that’s real money moving in digital dollars.
And as stablecoins go mainstream, Circle’s position as issuer of USDC puts it right at the center of the action. The company’s flagship product is already used by major fintechs, exchanges, and protocols — but now, the investor class wants in too.
Add to that reports that BlackRock is eyeing a 10% stake in Circle’s offering, and the story starts to write itself: big money is backing this.
Trump-Era Shift in U.S. Crypto Policy Adds Fuel
Circle’s momentum isn’t only market-driven — it’s also political. Under the Trump administration, the U.S. regulatory tone has shifted. Instead of leaning into enforcement, lawmakers are now introducing actual frameworks.
In late May, Congress introduced the bipartisan CLARITY Act, dividing crypto oversight between the SEC and CFTC. This move toward clearer lines is giving crypto-native firms like Circle the confidence to pursue growth publicly — and giving investors a sense of predictability they’ve long craved.
SEC Chair Paul Atkins has echoed the same sentiment, telling lawmakers that staking rules and registration processes are being clarified. It’s a major departure from the previous uncertainty that loomed over U.S.-based crypto players.
Stablecoin Infrastructure Looks More Investable than Ever
At its core, Circle isn’t just a crypto firm — it’s payment plumbing for the digital economy. And investors seem to be waking up to that. The appeal lies in the combination of scalability, regulatory alignment, and real utility.
While many crypto projects still rely on hope and hype, Circle is anchored by stablecoin usage that’s already global and growing. That’s why the IPO isn’t just another crypto listing — it’s being framed more like a fintech infrastructure play.
Keep Track of Circle—and What’s Coming Next
Circle’s IPO excitement isn’t happening in isolation. If you want to stay ahead of what’s landing on the public markets next, TipRanks’ IPO Calendar is your shortcut to seeing it all unfold in real time.
You’ll find Circle Internet Group (CRCL) right there, alongside other upcoming listings like Omada Health (OMDA)and Vantage Corp (VNTG). Whether you’re checking for pricing updates, float size, or who’s backing the deal—TipRanks puts all the moving parts in one clean dashboard.
