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Circle raises $1.1 billion in upsized IPO, prices shares at $31

  • Circle Internet Group Inc. raised $1.1 billion in an upsized IPO, pricing shares at $31.
  • This success reflects the growing acceptance of stablecoin issuers in the financial landscape.
  • Circle's strong market reception led to a market valuation of approximately $6.9 billion, reaching $8.1 billion when fully diluted.
  • Major institutional investors like ARK Investment Management and BlackRock Inc. have shown interest in purchasing shares in Circle's IPO.

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