Stablecoin issuer Circle officially submits IPO documents, plans to go public on the New York Stock Exchange in April
Stablecoin USDC issuer Circle has formally submitted IPO documents to the US Securities and Exchange Commission (SEC), planning to list on the New York Stock Exchange (NYSE) under the stock code 'CRCL' by the end of April. Observers believe that while the company's revenue is growing, profits are declining and distribution costs are high, highlighting that its business model still faces severe challenges.
The IPO plan is initiated, Circle announces the latest financial data
Circle officially submitted its S-1 registration statement to the SEC yesterday, expecting to list on the NYSE under the code 'CRCL'; the prospectus has not yet disclosed the number of shares to be issued and the target price.