Circle (CRCL) has filed a secondary offering to sell 10 million Class A shares at a price of $130 per share, according to an SEC filing. The offering comprises 2 million shares directly issued by Circle and 8 million shares from existing shareholders.
The $130 share price represents a premium of over 300% compared to Circle’s June IPO price of $31. Following its market debut, shares briefly surged as high as $298.99 before settling around $140, reflecting elevated investor interest in stablecoin issuers.
Circle will not receive proceeds from the 8 million shares sold by current investors. Net proceeds from the 2 million shares issued by Circle are earmarked for general corporate purposes, including technology development, working capital and potential strategic investments.
The offering underscores Circle’s strong market position as the issuer behind the USDC stablecoin. USDC maintains multi‐billion dollar market capitalization and is widely used for trading, lending and cross-border payments.
Underwriting is led by major investment banks, with the offering expected to close within weeks. The secondary sale structure allows early investors to realize gains, while enabling Circle to bolster its balance sheet without dilutive financing.
Circle’s leadership team, including CEO Jeremy Allaire and CSO Dante Disparte, will oversee use of proceeds and maintain strategic direction. The move follows earlier funding rounds that positioned the company as a key player in regulated stablecoin markets.
Market analysts view the offering as a sign of robust investor appetite for blockchain infrastructure firms with revenue tied to transaction volumes and token issuance. The successful sale could pave the way for similar offerings by other digital asset service providers.
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