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Stablecoin Giant Circle Files for Initial Public Offering; Targets $6.7B Valuation
Stablecoin Giant Circle Files for Initial Public Offering; Targets $6.7B Valuation
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Circle Internet Group, the dominant force in the stablecoin market, has taken a decisive step toward going public. The financial technology firm filed a registration statement with the SEC for an IPO of its Class A common stock, eyeing a valuation that could reach $6.71 billion.
The offering structure remains fluid, but preliminary reports suggest Circle plans to issue 9.6 million new shares alongside a 14.4 million share sell-off by existing investors. At the upper end of the proposed $24-$26 price range, this could generate $624 million in fresh capital. J.P. Morgan leads the underwriting syndicate.
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