Circle Internet Group Inc.’s initial public offering is likely to price above the marketed range, after fielding orders for more than 25 times the number of shares available in the upsized deal, according to people familiar with the matter.

Stablecoin issuer Circle Internet Financial's (CRCL) upcoming initial public offering is likely to price above its marketed range of $27-$28 per share, after attracting demand over 25 times the shares on offer,