Circle Files for IPO
Circle, the company behind the USDC stablecoin, has filed for an initial public offering (IPO) to list on the New York Stock Exchange.
The prospectus, submitted to the SEC on Tuesday, sets the stage for Circle’s much-anticipated public market debut. JPMorgan Chase and Citigroup will act as lead underwriters, with the company reportedly targeting a valuation of up to $5 billion, trading under the ticker symbol CRCL.
This marks Circle’s second attempt to go public after a previous merger with a special purpose acquisition company (SPAC) fell through in late 2022 due to regulatory challenges.
Since then, Circle has taken strategic steps to align more closely with global finance, including last year’s announcement to move its headquarters from Boston to One World Trade Center in New York.
