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Circle files for IPO with SECOn April 1, 2025, Circle – the issuer of the USDC stablecoin – officially filed for an IPO with the SEC, planning to list on the New York Stock Exchange (NYSE) under the ticker CRCL.
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Financials:- Revenue for 2024: $1.7 billion (including operational revenue and income from reserves).- Net profit: $156 million.- The IPO filing includes both primary shares (from Circle) and secondary shares (from current shareholders).
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Supporting banks: Circle has hired JPMorgan and Citi Bank as underwriters to prepare for the IPO, with plans to file publicly by the end of April 2025.
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The IPO filing is still pending SEC review. If approved, Circle will become a publicly listed company in the U.S., strengthening its position in the cryptocurrency industry.
