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Circle Raises IPO Price Range, Targets Valuation of Up to US$7.2 Billion

  • Circle Internet Group raises its IPO price range and aims for a valuation of up to US$7.2 billion.
  • The company plans to offer 32 million shares of Class A common stock, with an updated price range of US$27 to US$30 per share.
  • Circle intends to list its shares on the New York Stock Exchange under the ticker symbol “CRCL” and underwriters have the option to purchase additional shares.
  • ARK Investment Management shows interest in buying up to US$150 million worth of shares, and J.P. Morgan, Citigroup, and Goldman Sachs are leading the offering.

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