Circle (CRCL)The stablecoin issuer firm behind the USDC token, a sale of secondary shares of 10 million shares announced on Tuesday.
The company offers 2 million ordinary class A shares for sale, while shareholders sold an additional unloading of 8 million, according to an S-1 file with the Securities and Exchange American Commission (SECOND). The option of the Greenshoe subscriber is for 1.5 million additional actions.
Circle’s action dropped by 6% after negotiation hours at $ 154. This is down almost 50% compared to the record summit of $ 299, but still up approximately five compared to the price of the IPO of $ 31.
The offer comes approximately two months after Circle’s debut on the New York Stock Exchange, which saw its scholarship course skyrocketing in the middle of the appetite of investors to acquire an exhibition at the booming market of Stablescoin.
Earlier Tuesday, the company reported a loss of $ 428 million for the second quarter of the year.
Read more: Circle reveals the Blockchain Arc of layer-1, reports $ 428 million in Q2 loss
