Circle Internet and some of its existing shareholders are aiming to raise as much as $896 million in an upsized initial public offering in the United States, the stablecoin giant said on Monday.
New York-based Circle and some existing investors are now offering 32 million shares priced between $27 and $28 apiece.
This compares with the $624 million expected in proceeds at the top of the previously disclosed offering of 24 million shares priced between $24 and $26 apiece.
Circle will list on the New York Stock Exchange under the symbol “CRCL”. J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering.
