USDC Issuer Circle Aims at $5.65 Billion Valuation in US IPO

2025-05-27 04:14:18

Abstract generation in progress

Circle, the company behind the world’s second-largest stablecoin (USDC) is reportedly targeting a valuation of $5.65 billion in a US-based initial public offering (IPO).

According to Reuters, Circle will be issuing around 9.6 million shares, while some of its shareholders are looking to offload around 14.4 million shares, priced between $24 and $26 each, in a bid to raise $624 million.

Once the listing completes, Circle will be trading on the New York Stock Exchange (NYSE) carrying the CRCL ticker.

This story is developing

USDC0.02%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
Comment
Share

Comment

0/400

No comments

Topic
1/3
1BTC & ETH Launchpool Yield Exceeds 3%
28k Popularity
2Growth Points Draw Round 12 Opens
9k Popularity
3White House Crypto Report
15k Popularity
4Fed Holds Rates Decision
7k Popularity
5Alpha Points System Opens
16k Popularity

sitemap