Stablecoin Issuer Circle Files Publicly for IPO
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Financial Times |
Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President ...
MarketWatch |
The company posted a profit of $155.7 million in 2024, down from $267.6 million a year earlier.
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Circle Crypto aims for a $5 billion IPO despite financial struggles, rising USDC supply, and competition. Circle, the issuer of the USDC stablecoin, is making a bold move toward public trading with its recently filed initial public offering (IPO).
Circle's IPO filing raises concerns over declining profitability, high operating costs, and a $5 billion valuation amid market challenges.
Circle files for NYSE IPO valued at $4-5 billion as USDC market cap hits $60 billion amid growing stablecoin adoption and crypto-friendly regulations.
Stablecoin firm Circle sent an IPO S-1 document to Binance to promote USDC on its platform and hold a certain amount of USDC in fiscal reserves.
Circle Internet Financial, the company behind the (CRYPTO: USDC) stablecoin, is reviving its public listing ambitions and is reportedly preparing to file for an initial public offering by late April.
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