Circle Internet Group has filed for an IPO, offering Class A shares of the USDC issuer’s stock to raise $624 million in investments. Circle plans go to public, listing on the NYSE under ticker “CRCL.” J.P. Morgan, Citigroup, and Goldman Sachs lead the offering, showcasing rising institutional interest in stablecoins and crypto as a whole.

“Circle is offering 9,600,000 shares of Class A common stock, and the selling stockholders are offering 14,400,000 shares of Class A common stock,” Circle said in an announcement on Tuesday. The filing is a big response to rumors that Ripple Labs and Coinbase were reportedly trying to acquire the stablecoin issuer. For days, rumors about Ripple and Coinbase being involved in acquisitions had been circulating rapidly on crypto channels and triggering warnings for big investors in the community. Yet, as of this writing, there isn’t any official document to back these claims. Regardless, Circle has consistently reiterated: “Circle is not for sale. Our long-term goals remain unchanged.”

In April, Circle filed an S-1 form with the US Securities and Exchange Commission (SEC) to begin the process of going public. However, later reports indicated that the USDC issuer was considering a delay in its IPO plans. Now, the filing has been made official, and Circle is welcoming investors with this IPO, not out-and-out buyers.

Also Read: USDC Issuer Circle Approved As Money Service Provider in Abu D

Furthermore, Circle has been making big moves over the past few months. Recently, the USDC issuer got the green light to operate as a money services provider in Abu Dhabi. The licensing stands as a major step in making the UAE one of the most crypto-supportive jurisdictions worldwide. Additionally, Circle established a strategic partnership with Hub71. Hub71 operates as Abu Dhabi’s premier international technology sector. The USDC issuer will integrate with the Digital Assets Specialist ecosystem of Hub71.

Circle Internet Group has filed for an IPO, offering Class A shares of the USDC issuer’s stock to raise $624 million in investments. Circle plans go to public, listing on the NYSE under ticker “CRCL.” J.P. Morgan, Citigroup, and Goldman Sachs lead the offering, showcasing rising institutional interest in stablecoins and crypto as a whole.

“Circle is offering 9,600,000 shares of Class A common stock, and the selling stockholders are offering 14,400,000 shares of Class A common stock,” Circle said in an announcement on Tuesday. The filing is a big response to rumors that Ripple Labs and Coinbase were reportedly trying to acquire the stablecoin issuer. For days, rumors about Ripple and Coinbase being involved in acquisitions had been circulating rapidly on crypto channels and triggering warnings for big investors in the community. Yet, as of this writing, there isn’t any official document to back these claims. Regardless, Circle has consistently reiterated: “Circle is not for sale. Our long-term goals remain unchanged.”

In April, Circle filed an S-1 form with the US Securities and Exchange Commission (SEC) to begin the process of going public. However, later reports indicated that the USDC issuer was considering a delay in its IPO plans. Now, the filing has been made official, and Circle is welcoming investors with this IPO, not out-and-out buyers.

Also Read: USDC Issuer Circle Approved As Money Service Provider in Abu D

Furthermore, Circle has been making big moves over the past few months. Recently, the USDC issuer got the green light to operate as a money services provider in Abu Dhabi. The licensing stands as a major step in making the UAE one of the most crypto-supportive jurisdictions worldwide. Additionally, Circle established a strategic partnership with Hub71. Hub71 operates as Abu Dhabi’s premier international technology sector. The USDC issuer will integrate with the Digital Assets Specialist ecosystem of Hub71.