Circle plans to go public! 🚀 Everything you need to know about the USDC issuer's IPO
🔑 Key information:
- 📅 Circle will file for an IPO at the end of April 2025.
- 💰 The expected valuation of the company is between $4-5 billion.
- 🔄 This marks Circle's second attempt to go public after an unsuccessful bid in 2021.
What's happening with Circle? 🤔
Exciting news from the crypto world! Circle, the company behind the popular stablecoin USDC, is preparing for a major leap—going public! According to recent reports, the firm plans to submit its application for an Initial Public Offering (IPO) by the end of April 2025.
When will Circle hit the stock market? ⏰
Although the exact date of Circle's stock market debut is still unknown, Fortune reports that shares could start trading as early as a month after filing its public application. Of course, this depends on how quickly the U.S. Securities and Exchange Commission (SEC) approves the filing—a process that can sometimes take several months.
How much is Circle worth? 💎
According to Fortune, the company anticipates a valuation of $4-5 billion post-IPO. That’s a massive figure! If these estimates hold true, this will be the largest IPO in the crypto space since Coinbase went public in 2021.
Second time's the charm? 🍀
It’s worth noting that this isn’t Circle’s first attempt at going public. The company previously tried in 2021 through a merger with a SPAC (Special Purpose Acquisition Company). Unfortunately, that deal fell through. This time, however, Circle seems better prepared—it already confidentially filed Form S-1 documents with the SEC back in January 2025.
What does the future hold? Soon we’ll learn more details—the ticker symbol, stock exchange, and share prices will be revealed in their public filing.
Fingers crossed for a successful IPO! 🤞