Intel stock extends gains after report of possible U.S. government stake
Investing.com -- Circle Internet Group, Inc. (NYSE:CRCL) stock fell 3% in pre-market trading Friday after the stablecoin market leader announced the pricing of its public offering at $130.00 per share, well below its Thursday closing price of $139.23.
The financial technology company is offering 2 million shares of Class A common stock, while selling stockholders are putting up an additional 8 million shares. Circle has also granted underwriters a 30-day option to purchase up to 1.5 million additional shares.
The offering comes just two months after Circle’s NYSE debut, significantly earlier than expected and within the lock-up period that would typically restrict insider selling until year-end. JPMorgan Chase & Co., the lead bank on the IPO and the authority on lock-up waivers, has allowed the sale to proceed.
Despite trading at less than half its June 23 peak of $298.99, the two-day marketed offering was reportedly oversubscribed. The transaction is expected to close on August 18, 2025, subject to customary closing conditions.
The early public offering suggests insiders are looking to capitalize on liquidity while the stock still trades above its IPO price, though at a significant discount from its all-time high reached shortly after its market debut.
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