Circle Internet Financial, the company behind the issuance of the USDC stablecoin, recently submitted a prospectus for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC), as per a recent filing.
The submission follows a confidential draft registration statement S-1 form that Circle made to the SEC, a standard procedure for firms aspiring to go public. The prospectus, however, did not reveal the amount of shares to be offered or the anticipated IPO price.
Among the enlisted underwriters for the IPO are renowned investment banks such as JPMorgan and Citigroup. Bloomberg, in a report from November, suggested that Circle had been discussing with advisors about a potential IPO.
It remains unclear how much Circle would aim to be valued in the IPO, but the company was reportedly worth $9 billion when it attempted to go public through a special purpose acquisition company (SPAC) deal in 2022.
This is an ongoing story that will continue to be updated.
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