CIRCLE RAISES IPO TARGET TO $896M AMID STRONG INVESTOR INTEREST

Summary from the TLDR Crypto newsletter

Circle increased its IPO offering to 32 million shares at a $27–$28 price range, raising its target proceeds to $896 million, up from 24 million shares at $24–$26. The boost follows hints of a $6.7 billion valuation, up from $5 billion, and interest from major institutions like BlackRock, which may take a 10% stake. This surge in appetite coincides with growing stablecoin adoption, with $94.2 billion settled between January 2023 and February 2025, and a more favorable U.S. regulatory landscape under the Trump administration, including progress on the CLARITY Act and evolving SEC and CFTC guidance.