According to a Bloomberg report, Circle, the company behind USDC, is considering an initial public offering (IPO) in early 2024. The company is reportedly in talks with advisors in preparation for the potential listing, although there is no guarantee that it will proceed with the IPO.
Circle And Ripple IPO In 2024?
Circle, which had a valuation of $9 billion when it attempted to go public in 2022 in a blank check deal, has raised funds from investors including Goldman Sachs, BlackRock, and Fidelity.
While the valuation for Circle’s potential IPO is uncertain, the company has long aspired to become a publicly traded US company. However, Circle completed a deal to go public last year through a merger with Concord Acquisition Corp, a private equity firm led by former Barclays Bank chief executive Bob Diamond.
In addition to Circle, there has been speculation about Ripple Labs going public. However, Ripple’s legal battle with the US Securities and Exchange Commission (SEC) could pote
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