CircleIPO

What do we know about Circle's initial public offering?

Circle Internet Financial, known for issuing the USDC stablecoin, has taken a significant step towards becoming a publicly traded company by submitting a draft confidential S-1 filing to the U.S. Securities and Exchange Commission (SEC).

Details regarding the number of shares and their price range remain unspecified.

This move towards an initial public offering follows Circle's previous attempt to go public through a Special Purpose Acquisition Company (SPAC) in 2021, which was unsuccessful.

The IPO is expected to occur after a review by the Securities and Exchange Commission, considering market conditions and other factors, potentially in the first half of 2024.

$BTC #CircleIPO