"Circle to Push for IPO… Official Filing Expected by End of April"

Son Min

Summary

Circle is expected to push for an IPO by selecting JPMorgan Chase and Citigroup as lead underwriters.
Circle's corporate value has reportedly declined from $9 billion in 2022 to $4.5 billion to $5 billion currently.
When the IPO documents are disclosed at the end of April, financial information and the listing ticker are expected to be revealed to the public for the first time.

Circle, the issuer of the stablecoin USD Coin (USDC), is reportedly pushing for an initial public offering (IPO).

On the 31st (local time), Fortune reported, "Circle has selected JPMorgan Chase and Citigroup as lead underwriters to push for an IPO," adding, "The IPO documents are expected to be publicly filed by the end of April."

In January last year, Circle had already privately filed for an IPO with the U.S. Securities and Exchange Commission (SEC). However, when the documents are publicly disclosed at the end of April, the company's financial information and listing ticker are expected to be revealed to the public for the first time.

However, Circle's corporate value has reportedly declined. During the merger in 2022, Circle's corporate value was estimated at $9 billion, but it is now known to be valued at $4.5 billion to $5 billion.

USDC