Circle ups IPO share count, price ahead of NYSE listing

The stablecoin issuer now plans to offer 32 million Class A common stock shares at a price of up to $28 each

article-image

Jeremy Allaire Circle CEO (CC BY-NC-SA 2.0); Source: World Economic Forum / Faruk Pinjo, modified by Blockworks

share

Stablecoin issuer Circle is upping the number of shares it plans to offer as the company gets set to go public on the New York Stock Exchange. 

The company is offering 32 million shares of Class A common stock, according to a Monday filing. That includes 19.2 million shares offered from selling stockholders, for which Circle will not receive proceeds from. 

Circle expects the initial public offering price to be between $27 and $28 per share, it added in the disclosure. 

The share count and anticipated price are higher than what the company originally revealed. Circle announced the launch of its IPO last week with plans of offering 24 million shares (14.4 million from selling stockholders). The IPO price at that time was projected to be from $24 to $26. 

A Circle spokesperson did not immediately return a request for comment on the changes. 

Read more: Digesting Stablecon: Execs bullish on imminent financial infrastructure revolution

A company upsizing an IPO in this way typically signals an increase in demand from investors.  

ARK Investment Management, for example, has indicated its interest in buying up to $150 million of Circle’s Class A common stock at the IPO price, Circle’s latest filing notes. A Bloomberg report last week indicated that BlackRock is also interested in acquiring shares.

Check Blockworks.co — as well as the Empire and Forward Guidance newsletters — for ongoing coverage of Circle’s IPO. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The derivatives giant will extend futures and options access to round-the-clock trading in early 2026

by Blockworks /
article-image

Global fiber network goes live as SEC clears 2Z token for utility use

by Blockworks /
article-image

The SPAC transaction positions Avalanche Treasury Co. as a Nasdaq-listed vehicle for institutional AVAX exposure by 2026

by Blockworks /
article-image

The collaboration brings regulated money market fund exposure to Polygon, with custody provided by Standard Chartered

by Blockworks /
article-image

FG Nexus teams with Securitize to bring its Nasdaq-listed equity onchain, offering tokenized stock trading through Ethereum

by Blockworks /
article-image

Sponsored

Taiko launches binding onchain governance and appoints three directors with expertise in global regulation, business strategy and blockchain tech

by Sponsored /