🔥Circle, the issuer of the stablecoin $USDC, has officially filed for an Initial Public Offering (IPO) on the New York Stock Exchange under the ticker symbol #CRCL
🎯The company's goal is to raise between $4 to $5 billion, supported by financial institutions such as JPMorgan and Citigroup.
💰Circle generated revenues of $1.68 billion in 2024, and $1.45 billion in 2023.
In 2025, Ripple made an offer to acquire Circle for between $4 to $5 billion, but Circle rejected the offer, considering it did not reflect the true value of the company.
🚀Circle's IPO currently reflects the growing interest from institutions in stablecoins as a reliable financial instrument.