Circle officially files for Initial Public Offering with SEC
Circle, the issuer behind the USDC stablecoin, has filed papers with the SEC to go public on the New York Stock Exchange.
Stablecoin issuer Circle Internet Group has filed an S-1 registration statement for an initial public offering in the US, an April 1 filing with the Securities and Exchange Commission shows.
The USD Coin (USDC) issuer is planning to list its Class A common stock on the New York Stock Exchange under the symbol “CRCL,” the filing shows.
Circle’s prospectus does not detail the number of shares to be offered or what the IPO target price will be.
The IPO filing also showed that Circle brought in $1.67 billion in revenue for 2024 — marking a 16% year-on-year increase — while its EBIDTA (Earnings before Interest, Tax, Depreciation, and Amortization) fell 29% to $284.8 million.
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