#CircleIPO circle, the company behind the popular stablecoin USDC, is making a significant move by filing for an initial public offering (IPO). The company has hired JPMorgan Chase and Citi as underwriters and is planning to list its stock on the New York Stock Exchange (NYSE) under the ticker symbol CRCL ¹ ².

Circle is seeking a valuation between $4 billion and $5 billion, which would make it one of the largest crypto-related IPOs since Coinbase went public in 2021 ¹ ³. The company's IPO plans have been in the works for some time, with a previous attempt to go public through a SPAC merger in 2021 ultimately failing due to regulatory complications