Circle Internet Group has launched its initial public offering (IPO) of 24 million shares of Class A common stock and has applied to list on the New York Stock Exchange under the ticker symbol “CRCL.”
The company is offering 9.6 million shares, while existing shareholders are selling 14.4 million.
Underwriters have a 30-day option to purchase up to 3.6 million additional shares.
The offering is expected to be priced between US$24 and US$26 per share and could raise approximately US$624 million, targeting a valuation of around US$6.71 billion.
Circle is the issuer of the USDC stablecoin and operates within the broader digital asset ecosystem.
Earlier there were reports that Coinbase and Ripple were exploring a potential acquisition of Circle, though no deal materialised.
J.P. Morgan, Citigroup, and Goldman Sachs are joint lead bookrunners for the IPO, with participation from other financial institutions.
Featured image: Edited by Fintech News Singapore, based on image by ahmadzada via Freepik
