Circle Rejects Ripple’s $5B Offer, Eyes $10B Valuation in Upcoming IPO

Circle has reportedly declined Ripple’s $5 billion acquisition bid, signaling confidence in its independent growth trajectory. Legal analyst John E. Deaton suggests the stablecoin issuer sees greater potential through its planned public listing, targeting a valuation nearly double Ripple’s offer.

The company filed its S-1 registration with the SEC on April 1, 2025, selecting JPMorgan Chase and Citigroup as lead underwriters for its NYSE debut under the ticker "CRCL." market observers anticipate the IPO could launch as early as summer, with Circle aiming for a $4-5 billion valuation despite Deaton’s $10 billion projection.

Regulatory tailwinds and increasing institutional crypto adoption appear to be driving Circle’s decision. The IPO filing comes during a period of heightened activity in crypto financial markets, though no direct cryptocurrency or exchange mentions feature in this corporate development story.