$USDC

After being submitted, Circle's shares may start trading in a few weeks, although the regulatory approval process could extend that timeline.

It is known that Circle's IPO will be the most significant public offering in the crypto sector since Coinbase's direct listing in 2021. JPMorgan and Citi are also acting as advisors in the listing.

With its IPO efforts, Circle hopes to leverage improved market conditions and regulatory clarity to secure its position as a public company.

Circle has previously attempted to go public. In 2021, the Stablecoin issuer sought to merge via SPAC, a route that was once popular for going public, but regulatory delays from the Securities and Exchange Commission derailed that plan.

The merger was ultimately canceled at the end of 2022 amid the collapse of the FTX crypto exchange and a broader decline in digital assets. In January 2024, Circle secretly filed for a traditional IPO.

The upcoming public filing will provide the first detailed glimpse into Circle's finances and the proposed ticker symbol.

Founded in 2013 by Jeremy Allaire and Sean Neville, Circle initially focused on payments and crypto trading before shifting to Stablecoin in 2018.