USDC Issuer Circle Now Targets $7.2 Billion Valuation In Major US IPO 💰
Circle, the company behind the second-largest stablecoin USDC, announced it has increased its target price range for its upcoming initial public offering (IPO). The valuation range has been raised from $24-$26 to a more ambitious $27 per share, aiming for a $7.2 billion valuation according to a report by Reuters.
This development indicates growing confidence in its market position and future prospects, marking a significant milestone for the cryptocurrency sector as Circle eyes a major US IPO.
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