** Shares of second-largest stablecoin issuer Circle Internet Group CRCL.N down 1.6% premarket to $136.98 after $1.3 bln equity offering

** Co late Thurs announced pricing offering of 10 mln shares at $130

** Circle offered 2 mln shares while selling shareholders, including CEO Jeremy Allaire, offloaded the balance

** Stock on Thurs closed down 9% at $139.23 following 6% drop on Wed after co launched the offering

** Biggest selling shareholders were IDG Capital (1.2 mln shares), General Catalyst (1.1 mln shares) and Fidelity Investments (746,707 shares), the offering prospectus shows

;** Allaire sold 357,812 shares, retaining 23.9% voting power

** Circle intends to use net offering proceeds it receives for working capital and other general purposes

** JP Morgan, Citigroup, and Goldman Sachs are joint lead active bookrunners for the offering

** Early Tues, Circle topped Wall Street's revenue expectations in its maiden report as a public firm

** Through Thurs close, CRCL shares still up more than four-fold from their Jun IPO price of $31

** Avg rating among 16 analysts is "hold" and median PT is $198.50, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))