As part of its 24,000,000 shares IPO, Circle will be offering 9,600,000 shares of Class A common stock, while selling stockholders will offer the remaining 14,400,000 shares.
Circle, the issuer of USDC, the second-largest stablecoin by market capitalization, has launched an initial public offering (IPO) of 24,000,000 shares of its Class A common stock, the company announced on May 27.
The firm has applied to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. As part of the offering, Circle is issuing 9,600,000 shares of Class A common stock, the company said in a press release.
The remaining 14,400,000 shares of Class A common stock will be offered by selling stockholders, with Circle also expected to grant the underwriters a 30-day option to buy up to an additional 3,600,000 shares of Class A common stock to cover over-allotments.
