Circle Internet Group Set to Raise $896 Million in IPO Amid High Demand
Deal News | Jun 03, 2025 | EIN
Circle Internet Group, a major issuer of stablecoins, has announced adjustments to its initial public offering (IPO) due to heightened investor interest. The company is now offering 32 million shares priced between $27 and $28, an increase from the initial 24 million shares at $24 to $26. This adjustment positions Circle to raise approximately $896 million at the upper price range and values the company at an estimated $6.2 billion to $7.2 billion, inclusive of stock options and warrants. Notable shareholders include Accel, Breyer Capital, and IDG Capital, with significant investment interest from ARK Investment Management and BlackRock Inc. The offering is organized by JPMorgan Chase, Citigroup, and Goldman Sachs. The move aligns with a growing trend of crypto firms going public, coinciding with legislative developments concerning cryptocurrency regulation in the U.S. Circle's business model integrates blockchain and traditional finance, with a revenue of $1.68 billion reported in 2024.
Sectors
- Cryptocurrency
- Financial Services
Geography
- United States – Circle Internet Group is an American company, and the IPO is taking place in the context of U.S. markets, involving U.S. regulatory considerations and financial institutions.
Industry
- Cryptocurrency – Circle Internet Group is involved in the financial technology sector with a focus on stablecoin cryptocurrencies, which are pegged to fiat currencies like the US dollar.
- Financial Services – The IPO involves significant financial services activity, with major financial institutions like JPMorgan Chase & Co. organizing the stock offering.
Financials
- $896 million – The expected amount Circle Internet Group aims to raise through its IPO.
- $6.2 billion - $7.2 billion – The estimated total market capitalization of Circle including stock options and warrants.
- $1.68 billion – Circle's reported revenue for the year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Circle Internet Group Inc. | Target Company | Company | An American fintech company focused on stablecoin cryptocurrency USDC/USD and integrating blockchain with traditional financial systems. |
| Accel | Key Shareholder | Company | A venture capital firm with significant investment in Circle Internet Group. |
| ARK Investment Management | Investor | Company | Intends to acquire up to $150 million worth of Circle shares. |
| BlackRock Inc. | Investor | Company | Plans to acquire 10% of shares in the IPO. |
| JPMorgan Chase & Co. | Organizer of Stock Offering | Company | Provides financial services and is organizing Circle's IPO. |
| Citigroup Inc. | Organizer of Stock Offering | Company | A financial services company acting as one of the organizers of the IPO. |
| Goldman Sachs & Co. | Organizer of Stock Offering | Company | Investment banking company involved in arranging the IPO. |