Circle plans IPO for late April
AI summary of the linked articleCircle Internet Financial, issuer of the stablecoin USDC, is moving forward with plans for a traditional IPO, with JPMorgan Chase and Citi working on the listing, according to two sources familiar with the situation. The sources said Circle aims to publicly file its paperwork in late April, though the precise listing timing is unclear. The company is seeking a $4 billion to $5 billion valuation, according to one of the sources, and would be the biggest crypto IPO since Coinbase's 2021 direct listing. Circle, JPMorgan Chase and Citi declined to comment. |
1 comment macbudkowski.ethSubmitter Rarely post news here, but this is the one I am very excited about. First, because it's a crypto company offering a non-speculative use that's case filing for an IPO. I'm pretty sure they will do a lot of PR campaigns about crypto in general before they launch. Second, because I wanted exposure to stablecoins which I'm very bullish on, and finally there's going to be a vehicle to do it. |
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