#CircleIPO Circle, the issuer of the USDC stablecoin, is reportedly planning to launch its initial public offering (IPO) by June 2025. The company has confidentially filed paperwork for an IPO with the Securities and Exchange Commission (SEC) and aims for a valuation between $4 billion and $5 billion.¹

Circle has hired investment banks to underwrite its potential IPO, and the company's prospectus is now publicly available. According to the prospectus, Circle will offer Class A common stock, with the initial public offering price expected to be between a certain range per share.²