With an IPO valuation of roughly $8.2 billion and current forward P/E of ~32 ×, Circle still looks poised for multiple expansion as regulatory clarity and stable-coin adoption gather pace.
Deal upsized from 32 m to 34 m shares, and priced $3 above the top of the original range, boosting total proceeds by >20 %
Public float increases to ~13 % of the company, modestly improving trading liquidity while founders retain long-term control via Class B shares
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Circle IPO: Wall Street’s New Fintech Darling Prices Above Range