On May 28, according to a reliable source, Circle revealed in its latest IPO document the completion of acquiring the Tokenize company Hashnote in January 2025, with an actual value of $99.8 million, including $9.9 million in cash and 2.9 million fully owned common shares. Based on Circle's current share price range of $24-26 per share, the final transaction value could exceed $120 million. Previously, the value of this transaction was not widely reported.
According to the modified S-1 registration Circle submitted to the SEC on Tuesday, the company expects to raise approximately $600 million through its IPO. The acquisition of Hashnote could significantly impact the final transaction value when Circle's IPO occurs. Circle stated that the transaction "also includes the issuance of up to 1.8 million additional Circle common shares for some Hashnote employees, subject to ownership conditions, and will be counted as compensation expenses throughout the required service period".
According to the SEC's latest report on Tuesday, Circle plans to issue 24 million Class A common shares at a price ranging from $24 to $26 per share.
