USDC Issuer Circle to Move Forward with IPO Later This Month, Valued at $5 Billion

Circle, the stablecoin issuer of USDC, will be going ahead with an IPO at the end of this month. According to foreign media on the 31st (local time), Circle has signed an IPO with US investment bank JP Morgan Chase.
The company plans to pursue an IPO with Citibank. The official IPO filing will be made at the end of this month, with the target enterprise value at up to $5 billion.
Circle previously pursued an IPO through a special purpose acquisition company (SPAC) in 2021. However, in the U.S.
The plan was thwarted by delays in the Securities and Exchange Commission's (SEC) review and the bankruptcy of virtual asset exchange FTX the following year.