Circle announces public offering of 10 million shares

NEW YORK - Circle Internet Group, Inc. (NYSE:CRCL), a $36.69 billion market cap financial technology company and stablecoin issuer, announced Tuesday it has launched a public offering of 10 million shares of its Class A common stock. According to InvestingPro data, the company trades at a notably high P/E ratio of 509x, suggesting rich valuation levels.

The offering consists of 2 million shares from Circle and 8 million shares from selling stockholders, according to a press release statement. The company is expected to grant underwriters a 30-day option to purchase up to an additional 1.5 million shares.

J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are serving as joint lead active bookrunners for the offering.

The company noted that a registration statement for these securities has been filed with the SEC but has not yet become effective, meaning the securities cannot be sold until the registration becomes effective.

Circle issues USDC and EURC stablecoins through its regulated affiliates and provides financial and technology services for businesses integrating stablecoins and blockchain technology.

The offering will be made only through a prospectus, with copies available from the bookrunners. The company stated that the offering is subject to market conditions, with no assurance regarding its completion timeline or final terms.

In other recent news, Circle Internet Group reported its second-quarter 2025 earnings, highlighting strong revenue growth despite a negative earnings per share (EPS) of -4.48 USD. The company also launched innovative products during this period. In addition, Circle Internet Group announced a public offering of 10 million shares of its Class A common stock, with 2 million shares offered by the company and 8 million by selling stockholders. The underwriters have been granted a 30-day option to purchase an additional 1.5 million shares. Meanwhile, Tiger Securities lowered its price target for Circle Internet Group to $180 from $200, maintaining a Hold rating on the stock. The firm cited margin pressure as a key concern, particularly noting RLDC margin deterioration. Despite these challenges, the company continues to see growth in Circle USDC balances. These developments reflect a mix of optimism and caution among investors and analysts regarding Circle Internet Group’s future.

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