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Stablecoin Issuer Circle, Holders Seek $624 Million in IPO

Circle Internet Group Inc. and some of its backers are seeking to raise as much as $624 million in a long-awaited initial public offering, as crypto companies increasingly tap the public markets to raise funds.The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each, according to a filingBloomberg Terminal with the US Securities and Exchange Commission on Tuesday....

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