Ripple’s $5 Billion Offer to Circle Rejected, IPO Plans Continue

Circle has rejected Ripple’s proposed acquisition offer of $5 billion, citing it as insufficient for their valuation. Despite this rejection, Ripple remains interested in a potential deal, though the exact terms remain unclear. Circle is currently focused on its upcoming initial public offering (IPO). Notably, Circle was previously valued at $9 billion during an abandoned merger attempt with a special purpose acquisition company (SPAC) in 2022. This rejection highlights the complexities of the stablecoin and payment space, where acquiring Circle could significantly benefit Ripple’s position.