According to Techub News and Bloomberg, the issuer of the stablecoin USDC, Circle Internet Group, and its shareholders plan to sell a total of 10 million shares. According to documents submitted to the SEC, Circle will sell 2 million shares, while shareholders including co-founder and CEO Jeremy Allaire will sell 8 million shares. Based on Tuesday's Closing Price of $163.21, the total amount raised from this stock issuance is approximately $1.63 billion. The documents indicate that this issuance is led by JPMorgan Chase, Citigroup, and Goldman Sachs.
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According to Techub News and Bloomberg, the issuer of the stablecoin USDC, Circle Internet Group, and its shareholders plan to sell a total of 10 million shares. According to documents submitted to the SEC, Circle will sell 2 million shares, while shareholders including co-founder and CEO Jeremy Allaire will sell 8 million shares. Based on Tuesday's Closing Price of $163.21, the total amount raised from this stock issuance is approximately $1.63 billion. The documents indicate that this issuance is led by JPMorgan Chase, Citigroup, and Goldman Sachs.