Stablecoin issuer Circle raises $1.05 billion in US IPO

Reuters
05 Jun
Stablecoin issuer Circle raises $1.05 billion in US IPO

June 4 (Reuters) - Circle Internet on Wednesday priced its U.S. initial public offering at $31 apiece raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.

(Reporting by Pritam Biswas and Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

((Pritam.Biswas@thomsonreuters.com))

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