Circle Plans IPO Filing for Late April with JPMorgan and Citi as Underwriters
Circle Internet Financial, issuer of the USDC stablecoin, has engaged JPMorgan Chase and Citi as underwriters for a potential IPO. Key details include:
- Public filing of the prospectus expected by late April.
- Target valuation between $4 billion and $5 billion.
- Previous SPAC merger attempt in 2021 was abandoned due to SEC issues and market collapse.
- Current valuation around $5 billion in private secondary markets.