Author: Daniel snow

Circle Internet Group, the issuer of one of the world’s biggest stablecoins, priced its initial public offering at $31 per share late Wednesday, above the expected range of $27-28 and giving the company a total market value of $6.8 billion.New York-based Circle, its founder and some original shareholders will raise $1.05 billion in the offering of 34 million shares. In a measure of enormous demand for the crypto company, Circle increased the number of shares sold in the IPO from 32 million after the market closed Wednesday. Originally, Circle had sought to raise just $624 million by selling 24 million…

Circle Internet Group, the issuer of one of the world’s biggest stablecoins, priced its initial public offering at $31 per share late Wednesday, above the expected range of $27-28 and giving the company a total market value of $6.8 billion.New York-based Circle, its founder and some original shareholders will raise $1.05 billion in the offering of 34 million shares. In a measure of enormous demand for the crypto company, Circle increased the number of shares sold in the IPO from 32 million after the market closed Wednesday. Originally, Circle had sought to raise just $624 million by selling 24 million…

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