Circle Internet Group is poised for a public offering this week, with plans to issue 32 million shares, pricing expected between $27 and $28, aiming for a market valuation exceeding $7 billion. This follows a surge in interest in stablecoins, particularly its USDC, which is pegged to the U.S. dollar. The company reported a notable increase in revenue and a return to profitability after significant losses in previous years. Anticipation is heightened by ongoing stablecoin regulation discussions in Congress, making Circle's market debut particularly timely and significant.
Circle's IPO is generating excitement as it reflects the growing interest in stablecoins, which are pegged to real assets like the U.S. dollar and the euro.
The expected valuation of Circle exceeds $7 billion, indicating significant growth from its previous revenue and reserve income, marking a major milestone in the company's journey.
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