The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range.

Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.

Crypto stablecoin issuer Circle Internet Group, Inc. has again upsized its public debut to over $1 billion, pricing 34 million shares at $31 each.