On June 5, 2023, according to reports from Cai Lian She, Circle, the issuer of the world's second-largest stablecoin USDC, decided to increase the IPO issuance scale for the third time to 34 million shares on the eve of its listing, setting the IPO price at $31. The company also granted underwriters a 30-day option to sell an additional 5.1 million shares at the issuance price.

When Circle submitted its registration documents at the end of May, it was prepared to issue 24 million shares at a price of $24 - $26 per share, raising $624 million. Subsequently, the company raised the number of public offering shares to 26 million and then to 32 million, with the issuance price range also increasing from $24 - $26 to $27 - $28. After this adjustment, the fundraising scale of Circle's IPO will reach $1.05 billion, and based on the IPO price, Circle's market value will reach $6.9 billion. If employee stock options and restricted shares are included, the company's fully diluted valuation will reach $8.06 billion.