Circle Files for IPO, Aiming to Reach $4 Billion-$5 Billion Valuation

Circle Internet Financial has submitted an S-1 prospectus to the SEC, a pivotal step in its journey towards becoming publicly traded. The company has also enlisted JPMorgan Chase and Citigroup as underwriters for its anticipated IPO. With a valuation target between $4 billion and $5 billion, Circle seeks to capitalize on the growing stablecoin market.