Circle Eyes $5 Billion Valuation For Upcoming Initial Public Offering
Circle Internet Financial, the company behind the (CRYPTO: USDC) stablecoin, is reviving its public listing ambitions and is reportedly preparing to file for an initial public offering by late April.
What Happened: The crypto-focused fintech is working with JPMorgan Chase (NASDAQ:JPM) and Citi as advisors, Fortune reported on Monday, quoting sources familiar with the matter.
This would mark Circle’s second major attempt to go public.
Its earlier 2021 effort via a SPAC deal was abandoned after regulatory delays and broader market turmoil following the collapse of crypto exchange FTX.
In January 2024, Circle confidentially filed with the SEC for a traditional IPO, and the upcoming public filing will provide the first official look at the company’s financials.
Founded in 2013 by …
About The Author
