Coinspeaker
Stablecoin Issuer Circle Considers Going for IPO in 2024
Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly in talks with its advisers over an initial public offering (IPO) for early 2024. According to Bloomberg, which cited sources with inside knowledge about Circle, the deliberations may or may not end up in a public listing.
If it does go public, however, sources did not share what valuation Circle is expected to hit. But the valuation likely remains around the $9 billion mark that Circle was valued at back in February. That is despite USDC market capitalization suffering a steep decline of about 56% from its June high of $55.9 billion to $24.6 billion.
In email comments to Bloomberg, a Circle spokesperson confirmed that a public listing is not exactly far from the firm’s aspirations. However, rumors are what they are. They are simply rumors, and so, Circle is not in the habit of responding to such unfounded claims, the spokesperson added.
Circle Keen
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