Circle, the Leader in Stablecoins, Submits Plans to Go Public on the NYSE

Circle Internet Group, the creator of the stablecoin USDC, announced on Tuesday that it has initiated the process for an initial public offering (IPO) on the New York Stock Exchange.

The company plans to issue 24 million Class A shares, of which 9.6 million will be offered by Circle itself and the remaining 14.4 million by existing shareholders. Moreover, Circle intends to provide underwriters with a 30-day option to purchase an additional 3.6 million shares.

The anticipated IPO price is projected to range from $24 to $26 per share.

J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are serving as joint lead bookrunners for this offering. Following the IPO, the stablecoin firm is set to trade under the ‘CRCL’ ticker symbol.