{"id":28772,"date":"2025-05-27T12:01:42","date_gmt":"2025-05-27T12:01:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28772"},"modified":"2025-05-27T12:01:42","modified_gmt":"2025-05-27T12:01:42","slug":"usdc-issuer-circle-moves-forward-with-initial-public-offering-on-nyse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28772","title":{"rendered":"USDC issuer Circle moves forward with initial public offering on NYSE"},"content":{"rendered":"
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\"USDC<\/p>\n

Circle, the issuer of USDC, the second-largest stablecoin by market capitalization, has launched an initial public offering (IPO) of 24 million shares of its Class A common stock, the company said on May 27.<\/p>\n

The firm has applied to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. As part of the offering, Circle is issuing 9.6 million shares of Class A common stock, the company said<\/a> in a news release.<\/p>\n

The remaining 14.4 million shares of Class A common stock will be offered by selling stockholders. Circle is also expected to grant the underwriters a 30-day option to buy up to an additional 3.6 million shares of Class A common stock to cover over-allotments.<\/p>\n

The IPO involves participation from several major US investment banks, with JPMorgan, Citigroup and Goldman Sachs acting as joint lead active bookrunners, the announcement added.<\/p>\n

The offering will also feature European banks, including Barclays, Deutsche Bank Securities and Societe Generale acting as bookrunners.<\/p>\n

The IPO\u2019s co-managers include BNY Capital Markets, Canaccord Genuity, Needham, Oppenheimer and Santander, while junior co-managers are represented by AmeriVet Securities, Drexel Hamilton, Mischler Financial Group and Roberts and Ryan.<\/p>\n

This is a developing story, and further information will be added as it becomes available.<\/p>\n