🚨 Circle launches its IPO on the New York Stock Exchange (NYSE)
The company behind the USDC stablecoin aims to raise up to $624 million and reach a valuation of $6.71 billion.
📊 24 million Class A shares will be issued under the ticker CRCL, with an estimated price between $24 and $26 per share.
➡️ 9.6M will be new shares from Circle and 14.4M sold by current shareholders.
🧾 The leading banks in the operation include JPMorgan, Goldman Sachs, Citigroup, Barclays, and others.
⚠️ This is Circle's second attempt to go public, after canceling a SPAC merger in 2022.
📈 The current context of greater optimism in the crypto market could boost its success this time.
