Circle raises $1.05 billion in long-awaited IPO, shares price at $31

Circle Internet Group, the crypto firm that tried to go public in 2021 but ended up pulling its deal, will finally enter the public equities market. Late Wednesday, Circle raised $1.05 billion in one of the most anticipated IPOs of the year.

Circle again increased the size of its deal Wednesday and priced above its marketed range when it sold 34 million shares at $31 each. Earlier this week, the company boosted its offering to 32 million shares at $27 to $28 each, up from its original terms of 24 million shares at $24 to $26.