Circle Falls After Company, Holders Offer 10 Million Shares (2)

Shares of Circle Internet Group Inc. fell after the second-largest stablecoin issuer and a group of shareholders including co-founder and Chief Executive Officer Jeremy Allaire announced an offering to sell a combined 10 million shares.

Circle is offering 2 million shares while the selling shareholders are selling 8 million, according to a filing Tuesday with the US Securities and Exchange Commission. At the closing price on Tuesday of $163.21 each, the share sale would raise $1.63 billion.

The stock declined 6.1% from the closing price to $153.34 each as of 8:07 p.m. in post-market trading Tuesday in New York.

The ...