Coin Edition 2025-08-13 07:20:00

Circle Shares Slide 5% Post-Market on Share Sale Plan Following 425% IPO Rally

Circle to sell 10M Class A shares, including 8M from existing shareholders, after massive IPO rally. Q2 revenue surged 53% to $658M, beating analyst estimates, despite IPO-related losses. USDC circulation rose 90% YoY to $65.2B, making it the fastest-growing major stablecoin. Circle Internet Financial shares dropped more than 5% in after-hours trading Tuesday after the company announced plans to sell 10 million Class A shares, following a staggering rally of over 425% since its June 5 IPO. In a filing with the US Securities and Exchange Commission (SEC), the stablecoin issuer said it will offer 2 million shares itself, while existing shareholders will sell 8 million shares. Underwriters will also have a 30-day option to purchase an additional 1.5 million shares. Circle down 6% after hours post announcing a 10m share offering (2m shares being sold by the company and 8m from existing holders including management). Here's the list of everyone selling: pic.twitter.com/QNCDoHLOTy — Omar (@TheOneandOmsy) August 12, 2025 Circle’s First Quarterly Earnings The announcement came just hours after Circle reported its first quarterly earnings as a publicly t… The post Circle Shares Slide 5% Post-Market on Share Sale Plan Following 425% IPO Rally appeared first on Coin Edition .

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