USDC stablecoin issuer Circle confidentially files for IPO
Quick Take USDC stablecoin issuer Circle has confidentially filed for an initial public offering of its equity securities.
Circle Internet Financial — the issuer of the USDC +0.38% stablecoin, which has a market cap of over $25 billion — has confidentially filed for an initial public offering of its equity securities under plans to become a publicly traded company.
Circle announced today it has confidentially submitted a draft registration statement S-1 form with the U.S. Securities and Exchange Commission — a common approach for companies seeking to go public, offering them the flexibility to finalize their plans away from the public eye.
Details on share quantity and pricing are yet to be determined, with the launch pending SEC review and subject to market and other conditions, Circle said in a statement.
The company had previously been talking to advisers about a potential IPO, Bloomberg reported in November, citing anonymous sources. "While it’s not clear how much Circle would seek to be valued in an IPO, it was valued at $9 billion when it tried to go public in a blank-check deal in 2022," the report said at the time.
In 2021, Circle agreed to go public through a merger with a Special Purpose Acquisition Company named Concord Acquisition Corp., but that arrangement later fizzled out.
Circle's investors include financial heavyweights like Goldman Sachs, Fidelity and BlackRock.
Circle did not immediately respond to a request for comment from The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








