Circle Internet Financial, issuer of the stablecoin USD Coin (USDC), announced plans to go public on the New York Stock Exchange (NYSE) under the symbol "CRCL". The company filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on April 1, 2025.
In 2024, Circle reported a revenue of US$ 1.68 billion, an increase from US$ 1.45 billion in 2023. However, net income fell to US$ 157 million, compared to US$ 271.5 million in the previous year, due to higher operating costs and significant expenses with partners like Coinbase.
The decision to go public comes at a time of increasing interest in digital assets and stablecoins, as well as a more favorable regulatory environment in the U.S. The IPO may provide greater transparency and credibility to Circle, potentially strengthening its position in the cryptocurrency market.
Circle had previously attempted to go public through a merger with a special purpose acquisition company (SPAC) in 2021, but the deal did not materialize.
The exact date of the IPO has not yet been announced, but it is expected to occur by June 2025.
