Stablecoin Issuer Circle Files for IPO, Targets $5 Billion Valuation

Benzinga

Circle has filed for an IPO and plans to list on the New York Stock Exchange, according to CNBC. JPMorgan Chase and Citigroup are lead underwriters for Circle’s IPO, which targets a valuation of up to $5 billion. The move follows a failed 2022 SPAC deal and aligns with Circle’s efforts to integrate more closely with global finance, including a headquarters relocation to One World Trade Center. The IPO lands amid a cautious tech market but rising optimism in crypto, stablecoin legislation, and broader digital asset activity.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Circle has filed for an IPO and plans to list on the New York Stock Exchange,

00:05according to CNBC. JP Morgan Chase and Citigroup are lead underwriters for Circle's IPO,

00:10which is targeting a valuation of up to $5 billion. The move follows a failed 2022 SPAC deal

00:16and aligns with Circle's efforts to integrate more closely with global finance,

00:19including a headquarters relocation to One World Trade Center.

00:22The IPO lands amid a cautious tech market, but rising optimism in crypto, stablecoin legislation

00:28and broader digital asset activity. For all things money, visit Benzinga.com slash GSTV.

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