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Circle’s IPO March Leaves Little Room for Acquisition Fantasies

Circle’s IPO March Leaves Little Room for Acquisition Fantasies

Author:
Blockworks
Published:
2025-05-29 23:00:27
21
1

Why an acquisition of Circle may be off the table as its IPO approaches

As Circle barrels toward its public debut, the stablecoin giant’s dance card looks suspiciously empty. Once a prime M&A target, the company’s looming IPO timeline now makes a buyout play seem like wishful thinking—or a hedge fund’s pipe dream.

Wall Street’s usual suspects—those private equity vultures who love to swoop in pre-IPO—are suddenly playing hard to get. Maybe they finally read the fine print on stablecoin regulation.

Here’s the kicker: Going public means transparency. And in crypto-land, sunlight tends to disinfect those juicy, overpriced acquisition rumors faster than a SEC subpoena.

|Square

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