Summary
- Ripple's CEO has completely denied recent foreign reports about attempting to acquire Circle.
- Bloomberg previously reported that Ripple had offered $4 billion–$5 billion for the acquisition of Circle.
- Circle explained that later this week, it will proceed with an IPO under the name CRCL, aiming for a maximum valuation of $7.2 billion.
Recently, as foreign media reports emerged that Ripple could acquire USDC stablecoin issuer Circle, Brad Garlinghouse, Ripple CEO, completely refuted these claims.
According to The Block, a cryptocurrency media outlet, on the 3rd (local time), CEO Garlinghouse attended a Ripple conference in Las Vegas and emphasized, "Ripple has never attempted to acquire Circle."
Previously, Bloomberg reported that Ripple was attempting to acquire Circle and had offered between $4 billion and $5 billion as the acquisition price.
Meanwhile, Circle is scheduled to go public under the name CRCL later this week. The IPO will include the offering of a total of 32 million shares, with an offering price of $27–28 per share. Circle stated, "Through this, we are aiming for a maximum valuation of $7.2 billion (about ₩10 trillion)."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
