Circle Seeks $7.2B Valuation in U.S. IPO After Upsizing Due to Strong Investor Appetite

Circle, the issuer of the widely-used USDC stablecoin, has increased the scale and price of its upcoming IPO, signaling heightened investor interest. In its latest SEC filing, the company announced plans to offer up to 32 million shares priced between $27 and $28 — a significant increase from the original proposal of 24 million shares at $24 to $26 per share filed last May. This move points to accelerating demand and growing confidence in Circle’s growth prospects.

Investor enthusiasm appears robust, driven in part by interest from some of the biggest names in finance. BlackRock, the world’s largest asset manager, is reportedly weighing a purchase of up to 10% of the offering. Meanwhile, Cathie Wood’s Ark Invest has indicated plans to invest approximately $150 million in Circle, underscoring strong institutional support.

Circle’s IPO arrives as stablecoins continue to gain mainstream traction beyond crypto trading. These digital assets are increasingly embedded in decentralized finance (DeFi) platforms, remittance corridors, and traditional finance networks.

The total stablecoin market now values around $248 billion, with Tether’s USDT commanding 62% of the market at $154 billion, followed by Circle’s USDC at $60 billion, per data from DeFiLlama.