(Reuters) -Circle Internet and some of its existing shareholders are aiming to raise as much as $896 million in an upsized initial public offering in the United States, the stablecoin giant said on Monday.
New York-based Circle and some existing investors are now offering 32 million shares priced between $27 and $28 apiece.
This compares with the $624 million expected in proceeds at the top of the previously disclosed offering of 24 million shares priced between $24 and $26 apiece.
Circle will list on the New York Stock Exchange under the symbol “CRCL”. J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)
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