$USDC #CircleIPO According to Fortune magazine, Circle plans to submit its IPO documents by the end of April, targeting a valuation between $4 billion and $5 billion. The underwriters for this IPO are JPMorgan and Citigroup, both of which were financial advisors when Coinbase went public.

This is not Circle's first attempt to go public. Back in 2021, the company tried to go public through a SPAC merger but was stalled due to regulatory issues and failed to obtain SEC approval.

Subsequently, the industry winter triggered by the FTX crisis forced Circle to completely abandon this plan by the end of 2022. Now making a comeback, Circle has chosen a more prudent traditional IPO path, and last year submitted confidential application documents to the SEC,