Circle, the company behind USDC, is raising the bar ahead of its IPO.

The company originally said they were aiming to raise between $400 million and $500 million but now they're saying it's going to be $896 million.

They made the announcement today (June 2nd).

According to an SEC filing, Circle now plans to offer 32 million shares priced between $27 and $28 each.

They originally planned to offer 24 million shares at $24-26.

Circle is the second-largest stablecoin by market cap (after Tether USDT), with a market cap of $60.9 billion.

I'm always a bit wary when it comes to crypto firm shares, but that's probably because I understand crypto, I don't necessarily understand the stock market.

Would you buy Circle shares?