Circle raises IPO target to $896M amid investor interest

Major stablecoin issuer Circle has increased its initial public offering (IPO) target to $896 million.

According to a June 2 filing to the US Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of $27 to $28 per share, an increase from the previous offering of 24 million shares priced between $24 and $26.

The news follows a late May announcement that the company would issue 9.6 million shares of Class A common stock. At the time, Circle hinted at a target valuation of $6.7 billion.

An increase in the IPO target suggests strong investor interest in Circle stock. This occurs as the US administration under President Donald Trump continues to foster an increasingly favorable regulatory environment for the industry.

Circle had not responded to Cointelegraph’s request for comment by publication.

Circle’s IPO attracts interest amid stablecoin fever

Circle’s IPO is attracting significant interest from market participants, with the world’s largest asset manager, BlackRock, reportedly planning to take a 10% stake in Circle’s offering.

Interest continues to grow as stablecoin adoption expands in the rapidly evolving regulatory environment. Late May reports revealed that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025.

*Total stablecoin market cap chart. Source:* *DefiLlama*

“Overall, stablecoins have established themselves as growing and significant components of the global payment infrastructure,” the report stated. That growth has been bolstered by an evolving US regulatory landscape that is increasingly favorable to digital assets.

Crypto regulation moves forward in the US

US cryptocurrency regulation has moved forward at a rapid pace in recent months. In late May, a bipartisan bill, the CLARITY Act, landed in Congress, splitting crypto oversight between the SEC and the Commodities and Futures Commission (CFTC), while also creating a registration regime for digital-asset firms.

In May, SEC Chair Paul Atkins appeared before lawmakers in one of his first hearings since taking the reins at the agency, addressing questions about his plans for the cryptocurrency industry. This marked a significant shift from the regulator’s previous enforcement-based approach to crypto.

The SEC also issued new guidelines on cryptocurrency staking, moving toward clearly defined rules for the crypto industry. Outgoing CFTC Commissioner Summer Mersinger was also recently reported to expect approval of on-shore crypto perpetual futures “very soon.”

Magazine: SEC’s U-turn on crypto leaves key questions unanswered