Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle comes just a day after the SEC authorized 11 spot bitcoin exchange-traded funds.
Circle Eyes IPO, Submits Confidential Filing to SEC Following Approval of Bitcoin ETFs
Founded in October 2013 by Jeremy Allaire and Sean Neville, Circle is on the path to becoming a publicly traded entity. The company made this public through a recent press release on Thursday, announcing its submission of a confidential Form S-1 to the SEC. As of now, the specific details regarding the quantity of shares and their pricing for the upcoming offering are still under consideration.
“The initial public offering is expected to take place after the SEC completes its review process, subject to market and other condi
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