Circle Upsizes IPO to $896m, Targets $7.2bn Valuation Amid Rising Stablecoin Optimism

Circle Internet Financial, the company behind the USDC stablecoin, said on Monday it has increased the size of its initial public offering, now targeting a fully diluted valuation of up to $7.2 billion. The New York-based fintech firm and some of its existing investors are looking to raise as much as $896 million from 32 [...]The post Circle Upsizes IPO to $896m, Targets $7.2bn Valuation Amid Rising Stablecoin Optimism appeared first on Tekedia.

Read More