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Home»ALTCOIN NEWS»Stablecoin issuer raises the IPO to more than $ 1 billion
ALTCOIN NEWS

Stablecoin issuer raises the IPO to more than $ 1 billion

By Crypto FlexsJune 5, 20253 Mins Read
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Stablecoin issuer raises the IPO to more than $ 1 billion
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Update (June 5th at 12:50 am UTC): This article has been updated to include more information about Circles’ IPO.

Stablecoin Vissuer Circle internet group, Inc. re -increased the initial contest to $ 10.5 billion, and set more stocks higher than previous sales.

USDC (USDC) Stablecoin administrator said it will provide 33 million shares of 34 million shares each when debuted on June 4th at the New York Stock Exchange.

Previously, CIRCLE provided 32 million shares in the range of $ 27 ~ $ 28 per week in the first 24 million weekly advertising products from $ 24 to $ 26.

Circle also granted the 30 -day option to the insurance industry to purchase an additional 5.1 million shares.

Circle’s USDC is the second largest stability with a market cap. source: Displacement

The latest IPO prices offer $ 6.9 billion to Circle based on more than 220 million unprecedented shares submitted to Securities and Exchange Commission on June 2.

The company has no plan to pay dividends to shareholders, and instead, it plans to support funds for the development and expansion of the project by holding all available funds and future income.