USDC issuer Circle has significantly increased the size and price range of its upcoming initial public offering. 

It now plans to offer 32 million shares, up from the previous 24 million, at a price range of $27 to $28 per share.

The company’s targeted fully diluted valuation is $7.2 billion, also considerably higher than previous estimates of around $6 billion.

This story is an excerpt from the Unchained Daily newsletter.

The IPO is expected to raise up to $896 million, with the company set to debut on the New York Stock Exchange under the ticker “CRCL” later this week. 

Wall Street heavyweights J.P. Morgan, Citigroup, and Goldman Sachs will be underwriting the offering.

The firm’s 11th-hour IPO changes suggest that it is seeing strong investor interest ahead of its listing.

That’s despite some industry watchers taking aim at the firm over its declining gross margins and massive distributions paid out to Coinbase, which it disclosed in an S-1 filing earlier this year.