The target for Circle’s IPO was increased on Monday to 32 million shares at $27 to $28 per share, up from the initial 24 million shares within a price range of $24 to $26 each, its earlier ...

Circle's latest S-1 filing reveals just how expensive it is to be Coinbase’s best friend. Distribution and transaction costs surged 68.2% year-over-year in Q1, outpacing revenue growth.

According to the prospectus, Circle CEO Allaire is selling 1,582,160 shares and will have a 23.7% voting stake after the IPO is completed. At $31, Allaire stands to make $49 million.

Circle’s IPO marks crypto’s biggest listing since Coinbase, with a $1.1 billion raise and $16.7 billion market cap. Trading volume hit 46 million shares amid strong institutional demand from ...