Circle’s IPO was upsized by 15% amid strong demand, with its valuation ranging from $21 billion based on listed shares to a fully diluted figure of $26–$28 billion

Quotes that support claims

It’s currently shooting for $8.1 billion in fully diluted valuation.

The initial trade at $31 implied a $21 billion market value based on listed shares and approximately $26 billion on a fully diluted basis

The company announced late Wednesday that it sold roughly 34 million shares in its initial public offering, raising $1.1 billion and landing a valuation of $6.9 billion.

Circle’s valuation ballooned to about $8 billion following an IPO that was upsized by almost 15% as demand jumped