#CircleIPO Circle's highly anticipated IPO is expected to be filed with the SEC by late April 2025, with a valuation target of $4 billion to $5 billion.¹ ² This move marks the company's second attempt to go public, following a terminated SPAC deal in 2022.³
The IPO could be a game-changer for the stablecoin market, potentially challenging Tether's dominance.⁴ Circle's USDC stablecoin has seen growing adoption, with over $25 trillion in on-chain transactions since its launch.
Some experts have raised concerns about Circle's financial health, citing distribution costs and valuation.⁵ However, the company reported $1.7 billion in revenue and $156 million in net income in 2024.
