Circle Preparing for IPO, Seeking to Raise $600 Million at $5.4 Billion Valuation
Date: 2025-05-28 Author: Gabriel Deangelo Categories: BUSINESS
Circle, the developer of the USDC stablecoin, has refiled for an initial public offering (IPO) on the New York Stock Exchange. The company is seeking to raise around $600 million in the effort, valuing the offering at $5.43 billion.
According to the SEC filing, the company plans to sell 9.6 million shares of Class A common stock at a price of between $24 and $26 per share. An additional 14.4 million shares will be sold by current shareholders. There is also an option for underwriters to purchase an additional 3.6 million shares within a month of the start of trading.
If the share price reaches $25 — the average in the stated range — and taking into account the possible issue of only 217.3 million shares, the market capitalization of Circle will reach $5.43 billion. Of the planned amount, the company itself will receive $240 million, and the remaining $360 million will go to investors exiting the capital.
The organization of the placement was entrusted to major Wall Street players - JPMorgan, Citigroup and Goldman Sachs.
The documentation also indicates that ARK Investment Management has expressed interest in acquiring shares worth $150 million. However, this is only an intention, and not a recorded commitment.
The IPO can start only after receiving approval from the SEC. Circle shares will be traded under the ticker CRCL. The final parameters of the placement may change depending on the current situation on the financial markets.
The company's CEO Jeremy Allaire noted that going public is part of a long-term strategy to strengthen trust in the business and the transparency of its activities.
Earlier in April, the IPO launch was postponed due to instability in global markets. In addition, in May, there were rumors about a possible sale of Circle for $5 billion to Coinbase or Ripple, but representatives of Circle denied these reports, calling them unreliable.
