USDC Issuer Circle Eyes $600M Raise In NYSE IPO, Targets $5.4B Valuation
Posted On May 27, 2025
Circle, the company behind the USDC (CRYPTO: USDC) stablecoin, is planning to raise up to $600 million through its upcoming initial public offering (IPO), according to an update submitted to the U.S. Securities and Exchange Commission.
This move positions Circle to go public on the New York Stock Exchange under the ticker symbol “CRCL.”
As outlined in its amended S-1 filing, Circle intends to offer 24 million shares of its Class A common stock, of which 9.6 million will be issued directly by the company, while the remaining 14.4 million will come from current shareholders.
Additionally, underwriters may be given a 30-day option to purchase an extra 3.6 million shares to cover any overallotments.
The share price is expected …
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