Summary
- Circle has filed for an Initial Public Offering (IPO) on the New York Stock Exchange, with an offering price of $24-$26 per share and the ticker CRCL.
- JP Morgan, Citigroup, and Goldman Sachs are participating as joint underwriters, and 24 million shares of Class A stock will be offered.
- Circle has denied rumors of acquisition negotiations with Ripple and Coinbase, stating there are no plans for a sale.
Circle, the issuer of the dollar-based stablecoin USD Coin (USDC), has filed for an Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). Circle submitted an S-1 registration statement for the IPO to the U.S. Securities and Exchange Commission (SEC) last April.
According to CoinDesk on the 27th (local time), Circle has applied for an IPO on the New York Stock Exchange. JP Morgan, Citigroup, and Goldman Sachs are participating as joint underwriters.
Circle's ticker is CRCL, and the offering price is expected to be between $24 and $26 per share. The company plans to offer 24 million shares of Class A stock, of which 9.6 million shares will be offered directly by Circle, and the remaining 14.4 million shares will be offered by selling shareholders.
Meanwhile, there were reports that Circle was in private negotiations for a corporate acquisition with Ripple and Coinbase. In response, Circle stated, "We are not considering a sale. There is no change in Circle's long-term goals."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
