USDC issuing company circle advances initial public offering (IPO)

Submit application the day after ETF approval

Circle, the issuer of USDC, which ranks second in stablecoin market capitalization, filed a draft application for an IPO with the SEC on the 11th. This will be the circle’s first IPO filing.

The documents are confidential documents whose contents will not be made public, and the number of shares to be offered to the public and the price range for the public offering have not yet been determined.

The company moved forward with a SPAC listing in 2021, but the transaction was canceled due to an inability to close on time. The valuation as of February 2022 was $9 billion.

Additionally, in July of last year, the company cut some employees in order to maintain a “strong balance sheet.”

Most recently, in December last year, it was approved by the French financial market regulator as a virtual asset service provider.

connection: U.S. Coinbase and Circle Inc. obtain approval for virtual currency business in France

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