Stablecoin Giant Circle Files for Initial Public Offering
- Circle, the issuer of USDC, officially filed for an IPO with the SEC on Tuesday, April 1, 2025.
- Circle's previous attempt to go public via a SPAC merger failed in 2022 due to regulatory challenges.
- JPMorgan Chase and Citi are assisting Circle with the IPO, aiming for a valuation between $4 billion and $5 billion.
- USDC's market capitalization is approximately $60 billion, representing about 26% of the total stablecoin market.
- Circle's IPO marks a significant step for the crypto industry, potentially setting a benchmark for other crypto firms seeking public listings.
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84 Articles
Circle Plans IPO as Stablecoins Flex Market Muscle
Circle is living up to its name: After scrapping its SPAC plans three years ago, the stablecoin issuer completed a 360-degree turn and filed for an IPO yesterday. Circle could reportedly debut on the NYSE as soon as next month and is eyeing a valuation of up to $5 billion — a $4 billion drop from its SPAC era. Still, it’d be the crypto industry’s largest IPO since Coinbase went public in 2021. Circle said its SPAC attempt “simply termed out” aft…
Stablecoin giant Circle reveals revenue growth in US IPO filing
Circle Internet Group disclosed a nearly 16% jump in revenue after markets closed on Tuesday, as the USD Coin issuer attempts a second go at listing on the New York Stock Exchange.The company reported revenue and reserve income of $1.68 billion for last year, compared with $1.45 billion in 2023. Net income from continuing operations was nearly $157 million in 2024 versus $271.5 million in the previous year.The IPO market is currently in a delica…
Circle, Issuer Of the World's Second-Largest Stablecoin, Files For IPO Amid Trump's Support For Dollar-Pegged Cryptos - USData (OTC:USDC)
Circle Internet Financial, the issuer of the world’s second-largest stablecoin, USD Coin (CRYPTO: USDC), filed a prospectus for an initial public offering with the Securities and Exchange Commission on Tuesday.
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