Group 1 - Circle Internet Group, Inc. announced a public offering of 10 million shares of its Class A common stock, with 2 million shares offered by the company and 8 million shares by selling stockholders [1] - The underwriters will have a 30-day option to purchase an additional 1.5 million shares of Class A common stock [1] - Circle's stock price decreased by 6.28% to $152.96 during Tuesday's extended trading session [3] Group 2 - Circle reported its first earnings as a publicly traded company, achieving a quarterly revenue growth of 53% year-over-year [2] - The revenue reached $658.08 million, exceeding the analyst consensus estimate of $540.02 million [2] - The adjusted EPS loss was 43 cents, which was better than the Street estimate of 46 cents [2]
Circle Stock Falls After 10 Million Share Offering