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Gate Square New & Returning Creator Rewards are ongoing!
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#Circle Ups IPO Pricing Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO.
Seeks as much as $896 million in upsized IPO
Now offering up to 32 million shares, up from 24 million shares earlier
Company raises IPO price range to $27-$28 apiece
June 2 (Reuters) - Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S. initial public offering, underscoring growing momentum in the stablecoin market.
The upsized IPO indicates strong investor appetite for crypto firms. U.S. President Donald Trump has not only promised friendlier regulations for the sector, but also sparked conflict of interest concerns due to several crypto projects associated with him.