{"id":22630,"date":"2025-04-02T09:53:34","date_gmt":"2025-04-02T06:53:34","guid":{"rendered":"https:\/\/forklog.com\/en\/circle-to-launch-ipo-on-nyse\/"},"modified":"2025-04-02T09:53:34","modified_gmt":"2025-04-02T06:53:34","slug":"circle-to-launch-ipo-on-nyse","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-to-launch-ipo-on-nyse\/","title":{"rendered":"Circle to Launch IPO on NYSE"},"content":{"rendered":"<p>Circle, the issuer of the stablecoin USDC, has <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1876042\/000119312525070481\/d737521ds1.htm\">submitted<\/a> an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC).<\/p>\n<p>This move is the realization of previously announced <a href=\"https:\/\/forklog.com\/en\/news\/circles-ipo-ambitions-revealed-by-fortune\">plans<\/a> to go public.<\/p>\n<p>Class A shares will be issued under the ticker CRCL on the <span data-descr=\"New York Stock Exchange\" class=\"old_tooltip\">NYSE<\/span>. Details regarding the number of shares and the expected offering price have not been disclosed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cFor Circle, becoming a public company on the New York Stock Exchange is a continuation of our commitment to operate with maximum transparency and accountability,\u201d said Circle CEO Jeremy Allaire.<\/em><\/p>\n<\/blockquote>\n<p>According to documents filed with the SEC, the issuer has experienced \u201cups and downs\u201d in recent years: from a net loss of $768.8 million in 2022 to a profit of $267.6 million in 2023. At the end of last year, Circle had $1.05 billion in liquid assets, including $751 million in cash.<\/p>\n<p>The underwriters for Circle&#8217;s IPO include several major investment banks, such as JPMorgan and Citigroup.<\/p>\n<p>USDC remains the second most popular stablecoin with a market capitalization of $60 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/usdc\">CoinGecko<\/a>. Its main competitor, Tether&#8217;s USDT, continues to lead the stablecoin segment with a corresponding figure of <a href=\"https:\/\/www.coingecko.com\/en\/coins\/tether\">$144 billion<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"296\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044-1024x296.png\" alt=\"Snimok-ekrana-2025-04-02-095044\" class=\"wp-image-255512\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044-1024x296.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044-300x87.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044-768x222.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044-1536x444.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-02-095044.png 1648w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Allaire described USDC as \u201cthe foundation of Circle&#8217;s stablecoin network,\u201d which has been used for over $25 trillion in transactions as of March 28, 2025.<\/p>\n<p>Millions of end users employ the \u201cstablecoin\u201d for payments, settlements, and as a digital store of value, added the company&#8217;s CEO.<\/p>\n<p>Back in November 2023, Bloomberg journalists reported Circle&#8217;s intention to go public. In January 2024, the firm <a href=\"https:\/\/forklog.com\/en\/news\/circle-files-for-ipo-in-the-united-states\">confidentially filed<\/a> for an IPO in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle, the issuer of the stablecoin USDC, has submitted an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). This move is the realization of previously announced plans to go public. Class A shares will be issued under the ticker CRCL on the NYSE. Details regarding the number of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,767,1211,910],"class_list":["post-22630","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-circle","tag-ipo","tag-stock-market","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"69","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22630"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22630\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}