#CircleIPO

Circle's initial public offering (IPO) is expected to price above its marketed range, with orders exceeding available shares by over 25 times. Here's what you need to know ¹:

- *IPO Details*:

- Circle is offering 34 million shares at $31 each, valuing the company at $6.9 billion.

- The IPO will debut on the New York Stock Exchange (NYSE) on June 5.

- Underwriters have a 30-day option to purchase an additional 5.1 million shares.

- *Investor Interest*:

- Asset investment giant BlackRock has flagged plans to snap up a minimum 10% stake in Circle upon its public debut.

- The company plans to use the net proceeds to invest in new products, expansion, and potential acquisitions.

- *Company Background*:

- Circle is a financial technology firm that utilizes stablecoins for payments and e-commerce, with its USDC stablecoin being the second-largest by market cap.

- The company has applied for a BitLicense from the New York State Department of Financial Services and is regulated under the same statutes as companies like PayPal and Block ² ³.