Circle IPO Plans Under Scrutiny as Coinbase & Ripple vie for Acquisition

Circle Internet Financial, the company behind the USDC stablecoin, has filed paperwork to launch an initial public offering (IPO). However, rumors of a potential sale have emerged, with insiders suggesting that Coinbase or Ripple could be interested in acquiring Circle. 4 banking and private equity sources claimed they are exploring a potential purchase. Despite this uncertainty, Circle remains committed to going public. It has formally filed its S-1 registration with the SEC. Details like the IPO’s terms and launch of investor roadshows are yet to be determined. If a sale goes through, it would mark a significant moment for both companies.