Circle Seeks Public Listing on NYSE, Driven by Strong Stablecoin Revenue

Circle Internet Group, the issuer of USD Coin (USDC), has announced its intention to become a publicly traded company. On April 1st, the firm filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This move follows Circle’s previous attempt at a special purpose acquisition company (SPAC) merger in 2021. The IPO will list its Class A common stock under the ticker symbol “CRCL” on the New York Stock Exchange. Notably, details about the number of shares to be offered and the targeted IPO price remain undisclosed.