Circle Files For IPO on NYSE, Aiming to Raise $250 Million

Circle Internet Group, the company behind USDC, the world’s second-largest stablecoin, has officially filed for an Initial Public Offering (IPO) on the New York Stock Exchange. After years of pursuing a public listing, this move could mark a significant milestone for one of crypto’s leading firms. The IPO will involve offering 24 million shares of Class A common stock. The company aims to raise approximately $250 million from this offering. Existing shareholders are expected to sell 14.4 million shares, with underwriters granted an option to purchase up to 3.6 million more shares. Circle is anticipated to trade under the ticker symbol CRCL upon listing.