Circle priced its IPO at $31 per share, valuing it at $6.2 billion

PANews
PANews
USDC-0.02%

PANews reported on June 5 that, according to CoinDesk, stablecoin issuer Circle completed its IPO at $31 per share on the New York Stock Exchange, exceeding the expected pricing range ($24-26), raising $1.1 billion and valuing $6.2 billion. The ticker symbol is "CRCL" and will begin trading on Thursday. The IPO was originally planned to issue 24 million shares, but it expanded to more than 34 million shares due to a surge in demand. Circle's issuance of USDC, the second-largest stablecoin in the United States, comes at a time when U.S. lawmakers are pushing for a stablecoin regulatory bill.

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