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News Explorer — Circle, Issuer of USDC Stablecoin, Seeks to Raise $624 Million in IPO With ARK Investment Backing

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May 27, 3:04 pm
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Circle, Issuer of USDC Stablecoin, Seeks to Raise $624 Million in IPO With ARK Investment Backing

Circle, the stablecoin issuer behind USD Coin (USDC), aims to raise up to $624 million in its upcoming initial public offering. The company plans to offer 24 million shares at $24 to $26 each, targeting a $6.7 billion valuation. With big backers like ARK Investment, Circle is set to trade on the NYSE as CRCL.

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