We advised Circle on its first follow-on offering as a listed company on NYSE

Davis Polk advised Circle Internet Group, Inc. on its SEC-registered public offering of 11,500,000 shares of Class A common stock for total gross proceeds of $1.5 billion, of which 3,500,000 shares were issued and sold by the company and 8,000,000 shares were sold by the selling stockholders. The shares sold included 1,500,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares. Circle is listed on the New York Stock Exchange under the ticker symbol “CRCL.”

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world’s largest, most widely used stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.

The Davis Polk capital markets team included partners Daniel P. Gibbons and Richard D. Truesdell Jr. and associates Kanger Jin and Sakiko Nishida. Partner Adam Kaminsky and counsel Charlotte R. Fabiani provided executive compensation advice. Partner Gabe Rosenberg provided financial institutions advice. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. Partner Patrick E. Sigmon provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post