Circle’s IPO Set to Price Above Initial Range Amid Robust Investor Demand, Bloomberg Reports

Circle Internet Group is expected to price its IPO above the previously indicated $27–$28 range, fueled by strong investor interest, according to Bloomberg. The offering of 32 million shares is attracting bids that exceed available supply by more than 25 times, signaling solid market appetite.

The pricing, scheduled for after U.S. market hours on Wednesday, would value the company near $7.2 billion on a fully diluted basis. Institutional investors, including heavy hitters like BlackRock and Ark Invest, are reportedly securing significant allocations, with a focus on long-term holdings.

This enthusiasm highlights growing confidence in Circle’s role in the stablecoin and broader crypto infrastructure space despite ongoing regulatory challenges.