Circle is launching a $1.1 billion IPO at $31 per share with strong market interest, giving the stablecoin issuer a fully diluted valuation of $8.1 billion.
Chamath Palihapitiya suggests that acquiring Circle for $12 to $13 billion could be a valuable long-term deal, praising the stablecoin issuer's infrastructure and anticipating massive growth in the USD stablecoin market amid regulatory changes.
Circle’s IPO, oversubscribed by 25 times, reflects confidence in the company’s growth and role in the stablecoin economy, with revenue rising 118% driven by DeFi and payment system integration.
Speculation arose about Ripple acquiring Circle, with Ripple denying making a formal bid. However, market analysts see potential in such a move as Circle’s compliance-driven model and market share could complement Ripple’s product suite in the evolving regulatory landscape.