Circle announced that it plans to realize a secondary public offering, which includes the sale of 10 million shares, a well -known US -based stabilcoin exporter. The stock sales price was determined as 130 dollars and this figure was stated to be more than four times the price of the company’s first public offering in June.
Details of the sale of stocks
Circle, the US Securities and Stock Exchange Commission (SEC) with the application, the secondary public offering of 2 million A class, the ordinary shares itself, the remaining 8 million announced that the existing shareholders will sell. Company officials said that the income to be obtained from their own shares will be used for general institutional purposes and that the income from the sale of other shareholders will not go to the company.
In a statement made by Circle, “The income from the sale will be spent on the general needs of our business.
Circle’s shares began to be traded for the first time on the New York Stock Exchange in June as 31 dollars. The company’s shares increased by 235 percent on the first trading day and rose to $ 83. On June 23, it reached a record level with $ 298.99.
Market reactions and current situation
It was observed that the price fluctuations in the company’s shares continued after the secondary supply news. On the last trading day, CRCL shares were closed at $ 139.23 with a depreciation of over 9 percent. In pre -market transactions, the share price fell 1.63 percent to $ 136.98.
Uz We closely monitor the pricing processes in the markets and post -supply pricing processes in the markets.
This mobility on Circle’s shares shows that investors have interest in the growth potential and financial performance of the company. In addition, large volume shareholders are expected to be effective in the short term of pricing in the stock market.
Experts believe that the company can strengthen its general financial position with the sale of 2 million stocks that will enter into its own pocket. Existing shareholders aim to benefit from their income depending on the market conditions.
Circle’s market performance in the coming period is closely related to the company’s activities in the stabilcoin and digital assets sector. It is known that analysts follow how to transfer revenue from the public offering to new strategies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
