Circle (CRCL) plans to offer 10 million shares at a price of $130 per share at four or more times at the price of its initial public offering in June.
The Stablecoin issuer behind the USDC token itself is offering 2 million Class A common stock, the US Securities and Exchange Commission (SEC) filed Tuesday. The existing shareholders list 8 million other shareholders.
The company uses the proceeds from the sale of shares for general corporate purposes. No revenue will be received from shareholder sales.
The shares debuted on the New York Stock Exchange in early June after acquiring a price of $31. They soared into the trade, rising up to 235% on the first day before closing at $83. The shares reached a record $298.99 on June 23, closing at $139.23 on Thursday.
CRCL shares recently fell 1.63% at $136.98 in pre-market trading.
