Circle Bets Big and Bluffs Even Bigger Before NYSE Debut! 😂🚀

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Well, folks, it seems that Circle Internet Group, that stablecoin juggernaut, has decided to swell its little piggy bank again—raising the ante to a whopping $1.05 billion before it, I suppose, makes its grand entrance on the New York Stock Exchange. It’s like trying to outshine a firework—selling 34 million shares at $31 a pop, way above what they first whispered about. 🎆

According to some fancy Bloomberg report, this latest stunt jacks up their valuation to a staggering $6.9 billion—imagine that, over 220 million shares out there in the wild, all hoping someone’s got a dollar to spare! And just to make sure they’re feeling confident, they’ve handed the underwriters a 30-day “buy more if you dare” option—because what’s a gamble without a little extra risk? 🃏

This is Circle’s third rodeo with an IPO. First tried their luck on April 1st—probably thinking no one would take them seriously after a few global jitters and tariff scare tactics. Their prior attempt in 2021, fusing with some Irish holding company, went down in flames too. Who says persistence isn’t a virtue? 🤹‍♂️

Before all this hullabaloo, they had planned to sell 32 million shares between $27 and $28, up from their humble beginnings of 24 million at $24–$26—like a kid asking for more candy at the store, only now they hope to net over $319 million for taxes, building better mousetraps, and maybe buying up some around the corner. 🍬

Now, don’t look for dividends from Circle just yet—they prefer to reinvest every penny into growth, while BlackRock, that big fat kitty of investments, reportedly wants at least 10% of the shares—probably thinking, “It’s just another crypto circus—might as well jump in with both feet.” 🐘

As crypto IPOs flutter their eyelashes and strut onto the stage—eToro, BitGo, Kraken—they’re all trying to be the star of the show. So hold onto your hats, folks, it’s going to be a wild, lucrative ride! 🤠💸

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2025-06-05 07:16