Circle Eyes April IPO, Secures JPMorgan, Citi for Financial Guidance

Circle Internet Financial, the issuer of USD Coin (USDC), is preparing to go public through an initial public offering (IPO). The company has chosen prominent financial institutions JPMorgan Chase and Citigroup as advisors to guide its IPO process. Circle targets a public filing by the end of April 2025, with a potential valuation between $4 billion and $5 billion. This upcoming move positions Circle to access wider capital markets.