Circle Files for IPO Amid Stablecoin Market Changes
- Circle has applied for an IPO to list “CRCL” stock on the NYSE.
- The company seeks a valuation of up to $5.65 billion.
- Approximately 9.6 million shares will be sold by Circle, with an additional 14.4 million from existing shareholders.
- CRCL stock is priced between $24 and $26, aiming to raise up to $624 million.
- Goldman Sachs, Citigroup, and JPMorgan are among the underwriters for the IPO.
- The stablecoin bill, GENIUS Act, is close to becoming law as USDC’s market position faces competition from Tether and Ripple’s RLUSD.
Circle’s IPO aims for a valuation of up to $5.65 billion with major banks underwriting its offering of CRCL stock on the NYSE, priced between $24 and $26 per share.
Source (2.6)https://coingape.com/circle-files-for-ipo-after-denying-ripple-acquisition-rumours/?rand=24432
