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Circle appoints JP Morgan and Citi with plans for an IPO in late April: Fortune

The issuer of the USDC stablecoin aims to go public again after a failed SPAC merger attempt in 2021.

**$BTC

What you need to know

• Fortune magazine reported that Circle has appointed JP Morgan and Citi to lead its planned initial public offering, expected in late April.

• The issuer of the USDC stablecoin is targeting a valuation between $4 billion and $5 billion, according to the report.

• Circle's IPO efforts come after a failed SPAC merger attempt in 2021, but this time it faces a more favorable regulatory environment.