Circle, the USDC transmitter Stablecoin, aims for an entirely diluted assessment of up to $ 7.2 billion in its next initial public offer, according to a Monday filed with the Securities and Exchange Commission (SEC).
The company now plans to offer up to 32 million shares at a price between $ 27 and $ 28 each, compared to 24 million shares at $ 24 to $ 26 during its first detention in May. This decision suggests that the interest of investors in circle activities increases, and perhaps faster than expected.
This interest seems to come from some of the most influential investors in the world. In May, it was reported that BlackRock, the largest asset manager in the world, plans to buy up to 10% of the Introduction in the Introduction on Circle, according to people familiar with the problem. Ark Invest, the investment company led by Cathie Wood, has also been the subject of the intention to buy $ 150 million in shares.
The IPO of Circle comes while stablecoins have a moment on the wider market of cryptography. Once considered as niche instruments mainly used for the cryptography trade, they are now largely integrated into decentralized finance (DEFI), funds and even traditional finance rails.
The total market capitalization of all stablecoins is now $ 248 billion, with USDT de Tether, representing 62% of the market at $ 154 billion, followed by the Circle USDC at $ 60 billion, according to Defilma.
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