Circle Seeks $624 Million in NYSE IPO as Stablecoin Regulation Nears Finalization
- Circle plans to raise $624M via NYSE IPO, offering 24M shares priced at $24–$26 each.
- Polymarket raised Circle IPO approval odds to 90%, up from 70%, showing optimism.
- Circle reported $1.68B in revenue and $156M net income for 2024 ahead of its IPO filing.
Circle Internet Group Inc., the issuer of the USDC stablecoin, has moved to raise up to $624 million in a much-anticipated initial public offering (IPO) as crypto companies step up their pursuit of public markets.
The company filed with the US Securities and Exchange Commission (SEC) on Tuesday, setting the stage for one of the year’s largest digital asset IPOs. The filing reveals Circle and its shareholders will offer a total of 24 million shares, priced between $24 and $26 each, with the new listing to trade under the ticker “CRCL” on the New York Stock Exchange.
Circle IPO Details and Shareholder Strategy
The offering will include 9.6 million new shares from Circle and 14.4 million shares from existing investors. The company aims for a valuation of up to $5.65 billion. Top banks such as JPMorgan Chase, Citigroup, and Goldman Sachs are leading the offering, a sign of Wall Street’s engagemen…
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Circle Seeks $624 Million in NYSE IPO as Stablecoin Regulation Nears Finalization
- Circle plans to raise $624M via NYSE IPO, offering 24M shares priced at $24–$26 each.
- Polymarket raised Circle IPO approval odds to 90%, up from 70%, showing optimism.
- Circle reported $1.68B in revenue and $156M net income for 2024 ahead of its IPO filing.
Circle Internet Group Inc., the issuer of the USDC stablecoin, has moved to raise up to $624 million in a much-anticipated initial public offering (IPO) as crypto companies step up their pursuit of public markets.
The company filed with the US Securities and Exchange Commission (SEC) on Tuesday, setting the stage for one of the year’s largest digital asset IPOs. The filing reveals Circle and its shareholders will offer a total of 24 million shares, priced between $24 and $26 each, with the new listing to trade under the ticker “CRCL” on the New York Stock Exchange.
Circle IPO Details and Shareholder Strategy
The offering will include 9.6 million new shares from Circle and 14.4 million shares from existing investors. The company aims for a valuation of up to $5.65 billion. Top banks such as JPMorgan Chase, Citigroup, and Goldman Sachs are leading the offering, a sign of Wall Street’s engagemen…
The post Circle Seeks $624 Million in NYSE IPO as Stablecoin Regulation Nears Finalization appeared first on Coin Edition.
Read More
Future of Finance: Stablecoins Emerge as Key ‘Infrastructure’, US & Hong Kong Advance Laws