1. Circle announced a public offering of 10 million shares at $130 each. 2. The offering includes 2 million shares from Circle and 8 million from stockholders. 3. Underwriters can purchase an additional 1.5 million shares within 30 days. 4. Closing of the offering is anticipated on August 18, 2025. 5. J.P. Morgan, Citigroup, and Goldman Sachs are leading the underwriting.
While the offering indicates financial activity, it could dilute existing shares. Historical precedence reveals similar offerings often stabilize rather than disrupt stock prices initially.
The public offering could influence investor sentiment and market perception, especially among current shareholders.
Dilution effects from large offerings typically manifest quickly. The upcoming 2025 date places most impact within the short-term timeframe.
Circle Internet Group, Inc. (NYSE:CRCL) ("Circle"), a global financial technology company and stablecoin market leader, today announced the pricing of its public offering of 10,000,000 shares of its Class A common stock at a public offering price of $130.00 per share. Circle is offering 2,000,000 shares of Class A common stock and the selling stockholders are offering 8,000,000 shares of Class A common stock. In connection with the offering, Circle has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock.
The closing of the offering is expected to occur on August 18, 2025, subject to the satisfaction of customary closing conditions.
J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. Barclays and Deutsche Bank Securities are acting as bookrunners; and Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander are acting as co-managers.
A registration statement relating to these securities has been filed with the SEC and was declared effective on August 14, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Circle Internet Group, Inc.
Circle (NYSE:CRCL) is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world's largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.
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