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Stablecoin USDC issuer Circle files for $624 million IPO – More inside
Circle, the issuer behind USDC, the world’s seventh-largest cryptocurrency, is navigating a pivotal moment as it pushes ahead with plans for an IPO, even as acquisition rumors swirl around potential suitors like Coinbase and Ripple.
Stablecoin Giant Circle Files for IPO on NYSE
The IPO price is expected to be between $24 and $26 per share. Based on the higher end of the range, Circle could raise almost $250 million, while the selling stakeholders could get nearly $375 million for their stake. Cathie Wood's ARK has expressed interest in buying $150 million worth of shares from the IPO, the USDC-issuer said in a filing.
The asset management giant already maintains a close relationship with Circle. It manages the Circle Reserve Fund, a ...
BlackRock Inc. plans to acquire about 10% of the shares offered in Circle Internet Group Inc.’s initial public offering, ...
Cryptopolitan on MSN3h
BlackRock looks to acquire 10% of the Circle’s IPO sharesBlackRock is reportedly set to spend a huge amount to purchase shares in the upcoming IPO of Circle Internet Financial Ltd.
The stablecoin issuer, seeking to go public since 2021, has shut down recent rumors about selling to potential buyers.
According to its Form S-1 registration statement, Circle had $1.67 billion in revenue in 2024, representing a 16% increase ...
In its updated IPO prospectus on Tuesday, Circle indicated that most of the shares being sold are coming from existing ...
BlackRock Inc. plans to acquire about 10% of the shares offered in Circle Internet Group Inc.’s initial public offering, ...
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Circle Chases $6B Valuation in IPO After Walking Away From $5B Deal With Ripple and CoinbaseCircle is chasing a $6.4 billion valuation in its new IPO filing. The company will offer 24 million Class A shares, with ...
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