Circle IPO Filing: NYSE Listing & Ripple Rumors Debunked
USDC stablecoin issuer Circle has filed for an Initial Public Offering (IPO), aiming for a NYSE listing under the ticker "CRCL". This follows the company's denial of acquisition rumors involving Coinbase and Ripple. The announcement is also timely, coming as the stablecoin bill (GENIUS Act) nears passage.
Circle's NYSE IPO
Circle Internet aims to raise up to $624 million through its IPO, selling approximately 9.6 million shares, with existing shareholders offering an additional 14.4 million. The company seeks a valuation of up to $5.65 billion. Each CRCL share is expected to be priced between $24 and $26. Goldman Sachs, Citigroup, and JPMorgan are among the bookrunners for this offering.
The IPO announcement comes after Circle publicly refuted rumors of a Ripple acquisition. Reports suggest Ripple's bid was deemed insufficient. Decentralized prediction market Polymarket shows a 90% probability of IPO approval.
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