The stablecoin provider Circle Internet Group has broadened the scope of its much anticipated IPO. The company behind USDC now aims to raise $1.05 billion by issuing 34 million shares at $31 per share, pricing above its earlier projected range.

According to Bloomberg, this change raises Circle’s worth to almost $6.9 billion, which is based on the more than 220 million outstanding shares that were disclosed in the company’s June 2 SEC filing. The company has also indicated strong investor interest by offering underwriters a 30-day option to buy an additional 5.1 million shares.

This marks Circle’s third IPO attempt. The company first filed on April 1, but postponed its plans due to global market uncertainty triggered by tariff-related statements from President Trump. A prior 2021 effort to go public through a merger with an Irish holding firm also collapsed.

After modifying from 24 million shares at $24 to $26, Circle first offered 32 million shares at prices ranging from $27 to $28. Under the older pricing, the company expected to raise $319 million, which was to be allocated towards tax liabilities, product innovation, market expansion, and potential acquisitions.

At present, Circle has no plans to pay dividends, opting instead to reinvest its profits to accelerate growth. At least 10% of Circle’s shares are expected to be purchased by BlackRock when it goes public on the New York Stock Exchange (NYSE) on June 5.

Circle’s bold market entry comes at a time when crypto-related IPOs are gaining traction—eToro, BitGo, and Kraken are also preparing for public offerings in 2025.