Circle Plans $5 Billion IPO to Boost Market Presence

Financial services company Circle has filed an initial public offering (IPO) with the Securities and Exchange Commission (SEC), seeking a valuation of up to $5 billion. The listing on the NYSE under ticker “CRCL” aims to bolster its market presence following a failed special purpose acquisition company (SPAC) attempt in 2021. Circle’s IPO follows a record year for revenue, reaching $1.68 billion in 2024 with a notable increase of 16% year-on-year. However, the company also saw a decline in EBITDA by 29%. This IPO is aimed at addressing this financial gap and capitalizing on anticipated market growth.