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Stablecoin issuer Circle files for IPO as public markets open to crypto
Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange. The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets. JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL. It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since ... (full story)
