Circle, the USDC Stablecoin issuer, points to a completely diluted assessment of up to $ 7.2 billion in its next initial public offer, according to a presentation on Monday before the stock and values commission (SEC).
The company now plans to offer up to 32 million shares with a price of between $ 27 and $ 28 each, compared to 24 million shares at $ 24 to $ 26 when it was presented for the first time in May. The measure suggests that the interest of investors in the Circle business is growing and possibly heated faster than expected.
That interest seems to come from some of the most influential investors in the world. In May, it was reported that Blackrock, the world’s largest asset manager, is considering buying up to 10% of Circle’s OPI shares, according to people familiar with the matter. Ark Invest, the investment firm led by Cathie Wood, has also indicated the intention to buy shares worth $ 150 million.
Circle’s IPO is produced when Stablecoins is having a time in the wider cryptography market. Once niche instruments used mainly for cryptography trade are considered, they are now widely integrated into decentralized finances (defi), remittances and even traditional financial rails.
The total market capitalization of all the stables is now $ 248 billion, with the USDT of Tether, which represents 62% of the market at $ 154 billion, followed by the USDC of Circle at $ 60 billion, according to defillama.
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