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Investing.com -- Circle Internet, the stablecoin giant, and some of its current shareholders are looking to raise up to $896 million in an upsized initial public offering (IPO) in the United States. The announcement was made on Monday.
The New York-based firm, along with some of its existing investors, are offering 32 million shares, each priced between $27 and $28. This new offer is a significant increase from the previously disclosed offering of 24 million shares, which were priced between $24 and $26 each. The initial offering was expected to generate proceeds of $624 million.
Circle Internet plans to list on the New York Stock Exchange using the ticker symbol "CRCL". Leading the underwriting for this offering are J.P. Morgan, Citigroup (NYSE:C), and Goldman Sachs.
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