Circle’s IPO Valuation Climbs to $6.9B with Latest Pricing Adjustment

Circle Internet Group has adjusted its IPO terms yet again, now targeting $1.05 billion by pricing shares at $31—surpassing its prior $27-$28 range.

The revised plan includes 34 million shares, up from 32 million, with an underwriter option for an additional 5.1 million.

Based on SEC filings, the new pricing implies a $6.9 billion valuation. Circle intends to reinvest earnings into expansion, forgoing dividends.

Notably, BlackRock has signaled its intent to acquire at least 10% of the company upon listing, reinforcing market confidence in Circle’s long-term prospects.