Circle filed for an IPO on the NYSE.
The company plans to raise up to $624 million by selling 25 million shares.
In that case, its fully diluted valuation will reach $6.7 billion.
Circle, the issuer of the stablecoin $USDC , has filed for an initial public offering (IPO). The firm plans to raise up to $624 million at a valuation of $6.7 billion on a fully diluted basis.
According to the press release, Circle, its affiliates, and its shareholders intend to offer investors 24 million Class A shares at a price ranging from $24 to $26. Underwriters will receive an option to purchase an additional 3.6 million securities within 30 days.
The company's shares will trade on the New York Stock Exchange (NYSE) under the ticker CRCL. Leading bookrunners will include counterparties such as JPMorgan Chase, Citigroup, and Goldman Sachs & Co.
In the firm's statement to the U.S. Securities and Exchange Commission (SEC), it was also noted that ARK Invest expressed interest in purchasing Circle securities worth $150 million.
Circle attempted to conduct an IPO in 2022 by merging with the special purpose acquisition company Concord Acquisition Corp, but the deal was ultimately canceled. At that time, the company was valued at $9 billion.
In the summer of 2024, information re-emerged that the firm plans to go public. At that time, the valuation was around $5 billion.
Circle filed its application with the SEC in April 2025. However, rumors about a potential sale of the company emerged, which were denied by the organization.
"For Circle, achieving public corporation status on the New York Stock Exchange is a continuation of our commitment to operate with maximum possible transparency and accountability," said Circle CEO Jeremy Allaire.
Notably, against the backdrop of Circle's filing with the SEC in April 2025, Tether CEO Paolo Ardoino stated: "Tether does not need to be public."
