Stablecoin issuer Circle kicks off its IPO, targeting a nearly $6 billion valuation
Headline from NBC10 Philadelphia
Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million at a $5.65 billion valuation.
NBC10 Philadelphia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million at a $5.65 billion valuation.
Circle Internet Group, the company behind the USDC stablecoin, said it will offer shares at $24 to $26 each in an initial public offering that would raise as much as $624 million for the company and its backers.
Circle, led by Jeremy Allaire, has been chasing a public listing since at least 2021 when the company, then based in Boston, announced a blank-check company merger that was later scrapped.
