Circle Seeks $5.65 Billion Valuation in NYSE IPO with $624 Million Share Sale
Circle Internet, the company behind the USDC stablecoin, plans to go public in the United States. The company is aiming for a valuation of up to $5.65 billion through an initial public offering, Reuters reported.Circle to list as CRCLIn a filing on Tuesday (today), Circle said it plans to sell about 9.6 million shares. Some of its existing shareholders also intend to sell roughly 14.4 million shares. The shares are expected to be priced between $24 and $26 each. If sold at the top end of the range, the offering could raise as much as $624 million.Once listed, Circle shares will trade on the New York Stock Exchange. The ticker symbol will be “CRCL”. J.P. Morgan, Citigroup, and Goldman Sachs are serving as the lead underwriters for the IPO. This article was written by Tareq Sikder at www.financemagnates.com.
Circle Internet, the company behind the USDC stablecoin, plans to go public in the United States. The company is aiming for a valuation of up to $5.65 billion through an initial public offering, Reuters reported.
Circle to list as CRCL
In a filing on Tuesday (today), Circle said it plans to sell about 9.6 million shares. Some of its existing shareholders also intend to sell roughly 14.4 million shares. The shares are expected to be priced between $24 and $26 each. If sold at the top end of the range, the offering could raise as much as $624 million.
Once listed, Circle shares will trade on the New York Stock Exchange. The ticker symbol will be “CRCL”. J.P. Morgan, Citigroup, and Goldman Sachs are serving as the lead underwriters for the IPO. This article was written by Tareq Sikder at www.financemagnates.com.
