#CircleIPO Circle Internet Financial, the issuer of the USDC stablecoin, confidentially filed for a U.S. IPO in January 2024. After a failed SPAC deal in 2022 that valued the company at \$9 billion, Circle now targets a valuation between \$5 billion and \$6.7 billion. This adjustment reflects broader market corrections in the fintech sector. The IPO is anticipated once the SEC completes its review, subject to market conditions. In preparation, Circle is relocating its headquarters from Boston to New York City, aiming to strengthen its ties with traditional finance. The company continues to emphasize regulatory compliance and transparency as it advances toward becoming a publicly traded entity.([reuters.com][1], [coinpedia.org][2], [circle.com][3], [reuters.com][4])
