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Circle, a major player in the stablecoin market, aims for a $6.7 billion valuation through an initial public offering (IPO).

Investment firm Circle Internet Group plans to sell 24 million Class A shares in an IPO. The stocks will be listed on the New York Stock Exchange under the ticker symbol "CRCL." J.P. Morgan, Citigroup, and Goldman Sachs are spearheading the offering.

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Internet conglomerate Circle hosts Initial Public Offering (IPO) of 24 million Class A shares, set...
Internet conglomerate Circle hosts Initial Public Offering (IPO) of 24 million Class A shares, set for trading on the New York Stock Exchange (NYSE) under the ticker symbol "CRCL." J.P. Morgan, Citigroup, and Goldman Sachs will spearhead the offering.

Circle, a major player in the stablecoin market, aims for a $6.7 billion valuation through an initial public offering (IPO).

Circle, the tech giant behind the USD Coin stablecoin, has taken a significant step toward a public listing. In a move to raise capital and expand its global operations, the company filed for an initial public offering (IPO) on May 28, 2025, submitting an S-1 registration statement to the Securities and Exchange Commission (SEC). The New York-based firm is offering 24 million shares of Class A common stock, seeking to raise approximately $624 million at a price range of $24 to $26 per share[1][2][3].

Circle's IPO would mark one of the largest crypto listings since Coinbase Global's market debut in 2021, positioning the company to challenge other prominent stablecoin issuers like Tether[2][3]. This move comes after a previous SPAC merger attempt in 2022, which was later abandoned due to regulatory obstacles and evolving market trends[2].

As a highly regulated entity in the fintech sector, Circle aims to provide greater transparency for investors, with the IPO proceeds earmarked for enhancing compliance and developing novel tokenized financial products[2]. The company has enlisted the support of 15 banks for the offering and plans to list on the New York Stock Exchange under the symbol "CRCL"[1][2].

Founded in 2013, Circle is a key player in the digital currency landscape, with its USDC stablecoin enjoying a current market capitalization beyond $60 billion, making it one of the most widely adopted globally[4][3]. The USDC, backed by U.S. dollars or dollar-equivalent assets, offers a reliable and stable means of exchange within the volatile crypto market, finding trust among users due its transparency, regulatory compliance, and its utility in digital payments, decentralized finance (DeFi), and various crypto trading platforms[4].

The current IPO plans reflect Circle's continued commitment to driving innovation and fostering growth within the digital currency space[2].

Sources:[1] Business Wire - Circle Internet Financial, Inc. Announces Pricing of Initial Public Offering[2] CNBC - Circle, the issuer of USD Coin, files for $6.7 billion initial public offering[3] Coindesk - Circle Files for IPO to Take USD Coin Project Public[4] CoinGecko - USD Coin (USDC)

  1. The IPO filing by Circle, the tech giant behind USD Coin stablecoin, aims to raise approximately $624 million, potentially marking one of the largest crypto listings since Coinbase Global's debut.
  2. If successful, Circle's listing on the New York Stock Exchange (NYSE) as CRCL would position the company to challenge other stablecoin issuers like Tether, offering 24 million shares of Class A common stock.
  3. By earmarking IPO proceeds for enhancing compliance and developing novel tokenized financial products, Circle intends to increase transparency for investors, a critical aspect in the highly regulated fintech sector.
  4. The digital currency landscape has seen Circle, founded in 2013, evolve as a key player, with its USDC stablecoin currently boasting a market capitalization of over $60 billion and widespread global adoption.

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