Circle Internet Group, the issuer of the USDC stablecoin, has filed for a New York Stock Exchange IPO under the ticker “CRCL.” At the proposed $24–$26 range, the IPO could raise up to ~$250 million for Circle and nearly $375 million for selling stakeholders at a valuation over $5 billion. Major banks J.P. Morgan, Citigroup, …
Circle Files for IPO (4 minute read)
Circle Internet Group, the issuer of the USDC stablecoin, has filed for a New York Stock Exchange IPO under the ticker “CRCL.” At the proposed $24–$26 range, the IPO could raise up to ~$250 million for Circle and nearly $375 million for selling stakeholders at a valuation over $5 billion. Major banks J.P. Morgan, Citigroup, and Goldman Sachs are leading the offering. This move follows a failed 2021 SPAC attempt, recent SEC S-1 filings, and exploration of a potential $5 billion sale to suitors like Coinbase or Ripple.
