Circle, the USDC Issuer, Targets $5.65 Billion Valuation in US IPO

Circle, the company issuing the world’s second-largest stablecoin, USDC, is aiming for a valuation of $5.65 billion in its forthcoming US initial public offering (IPO), as reported by Reuters. The company plans to issue approximately 9.6 million shares, and some of its shareholders intend to sell around 14.4 million shares priced between $24 and $26 each.

This move aims to raise about $624 million. Upon completion of the listing, Circle will be traded on the New York Stock Exchange using the ticker symbol CRCL. This is an evolving story, and updates will be provided as they come in.