#CircleIPO What do we know about Circle's IPO?

Circle Internet Financial, known for issuing the USDC stablecoin, has taken an important step towards becoming a publicly traded company by filing a confidential draft of the S-1 document with the U.S. Securities and Exchange Commission (SEC).

The details regarding the number of shares and their price range remain undecided.

This move towards an IPO follows Circle's earlier attempt to go public through a special purpose acquisition company (SPAC) in 2021, which did not succeed.

The IPO is anticipated to occur after the SEC review, subject to market conditions and other factors, potentially as soon as the first half of 2024.