Circle Eyes IPO as Underwriters on Board for Potential Public Listing

Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, is preparing to launch an initial public offering (IPO). Investment banks JPMorgan Chase and Citi are involved in this process. While the precise timeline remains unclear, Circle anticipates filing its prospectus by late April, suggesting a potential IPO before June. This move follows Circle’s pre-IPO confidential registration with the U.S. Securities and Exchange Commission (SEC) in January 2024.