Circle Considers Sale Amid IPO Plans
- Circle Internet Financial is exploring a sale to Coinbase or Ripple.
- Ripple’s $4-5 billion offer was rejected by Circle as undervalued.
- Circle seeks a valuation of at least $5 billion.
- Ripple’s offer included payments in XRP tokens, potentially lowering its effective value.
- Circle is also pursuing an IPO and has filed with the SEC.
Circle Internet Financial, known for USDC, is considering selling to Coinbase or Ripple while planning an IPO. Ripple’s $4-5 billion bid was declined as it did not meet Circle’s minimum valuation of $5 billion. The offer involved XRP tokens, affecting its perceived value. Despite this, Circle remains committed to going public.
Source (2.6)https://cryptobriefing.com/circle-sale-discussions-coinbase-ripple/?rand=59535
