Circle Dips 6% After Hours on 10M Share Secondary Offering

Key Points

1. Circle announced a secondary offering of 10 million shares, including 2 million Class A common stock and 8 million from selling stockholders, with an underwriter greenshoe option for 1.5 million more shares.

2. The stock dropped 6% in after-hours trading to $154, nearly 50% below its record high of $299 but still up five-fold from its IPO price.

3. Circle reported a $428 million loss for the second quarter of 2025.

4. The offering follows Circle's recent debut on the New York Stock Exchange, aimed at gaining exposure to the stablecoin market.