Circle’s IPO Valuation Hits $6.9B as Share Price Climbs to $31

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Circle Internet Group has once again raised its IPO target, now seeking $1.05 billion by pricing shares at $31—above its initial $27-$28 range.

The stablecoin giant will offer 34 million shares in its NYSE debut on June 5, up from an earlier plan of 32 million.

Underwriters have a 30-day option to purchase an additional 5.1 million shares. Based on SEC filings, Circle’s valuation now stands at $6.9 billion. The company confirmed it will reinvest earnings into growth rather than issuing dividends.

Notably, BlackRock is reportedly positioning itself to acquire a minimum 10% stake upon public listing, signaling strong institutional interest.