tradingkey.logo

Stablecoin issuer Circle falls after $1.5-bln-plus stock offering unveiled

ReutersAug 13, 2025 12:14 AM

** Shares of stablecoin giant Circle Internet CRCL.N down ~6% in extended trading to $153 after equity offering news

** Co launches 10 mln share offering, comprising 2 mln shares being sold by CRCL and the balance by existing stockholders

** CRCL shares on Tues ended up 1.3% at $163.21 after co topped Wall Street's rev expectations in its maiden report as a public firm

** Circulation of Circle's USDC - the second biggest stablecoin by market value - grew 90% to $61.3 bln from a year earlier

** JP Morgan, Citigroup, and Goldman Sachs are joint lead active bookrunners for the offering

** Co has ~229 mln shares outstanding as of Aug 8, per latest filing, for ~$37.4 bln market cap

** Circle debuted in Jun after IPO priced at $31

** Avg rating among 16 analysts is "hold" and median PT is $215 -- LSEG data

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI