{"id":24318,"date":"2025-05-27T18:05:03","date_gmt":"2025-05-27T15:05:03","guid":{"rendered":"https:\/\/forklog.com\/en\/circle-updates-ipo-filing-with-valuation-of-5-4-billion\/"},"modified":"2025-05-27T18:05:03","modified_gmt":"2025-05-27T15:05:03","slug":"circle-updates-ipo-filing-with-valuation-of-5-4-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-updates-ipo-filing-with-valuation-of-5-4-billion\/","title":{"rendered":"Circle Updates IPO Filing with Valuation of $5.4 Billion"},"content":{"rendered":"<p>Circle, the issuer of the USDC stablecoin, has <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1876042\/000119312525126208\/d737521ds1a.htm\">updated<\/a> its documents for an initial public offering (IPO) on the <span data-descr=\"New York Stock Exchange\" class=\"old_tooltip\">NYSE<\/span>. The goal is to raise approximately $600 million with a company valuation of $5.4 billion.  <\/p>\n<p>According to the filing with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, Circle <a href=\"https:\/\/www.circle.com\/pressroom\/circle-launches-initial-public-offering\">plans<\/a> to sell 9.6 million Class A common shares at a price between $24 and $26. An additional 14.4 million shares will be offered by current shareholders. Underwriters will have the option to purchase an additional 3.6 million shares within 30 days.  <\/p>\n<p>At an average price of $25 and a total share count of 217.3 million (including options), Circle&#8217;s market capitalization would reach $5.43 billion. The company would receive $240 million, while selling market participants would gain $360 million.  <\/p>\n<p>JPMorgan, Citigroup, and Goldman Sachs will act as lead underwriters.  <\/p>\n<p>The documents mention ARK Investment Management&#8217;s interest in purchasing $150 million worth of shares, though this is not a commitment.  <\/p>\n<p>The offering will commence following SEC approval. The shares will be listed under the ticker CRCL. The final IPO parameters will depend on market conditions.<\/p>\n<p>According to CEO Jeremy Allaire, going public is part of a strategy to enhance business transparency.  <\/p>\n<p>Back in May 19, media reported on Circle&#8217;s negotiations with Coinbase and Ripple for a <a href=\"http:\/\/forklog.com\/news\/zhurnalisty-uznali-o-vozmozhnom-otkaze-circle-ot-ipo-i-prodazhe-biznesa-za-5-mlrd\">sale<\/a> at $5 billion, but the company <a href=\"https:\/\/www.theblock.co\/post\/354913\/circle-courting-acquisition-bids-from-coinbase-and-ripple-asks-for-at-least-5-billion-fortune\">denied<\/a> these claims.<\/p>\n<p>Earlier in April, the IPO was <a href=\"https:\/\/forklog.com\/en\/news\/circle-considers-delaying-ipo-amid-market-turmoil\">postponed<\/a> indefinitely due to market uncertainties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle, the issuer of the USDC stablecoin, has updated its documents for an initial public offering (IPO) on the NYSE. The goal is to raise approximately $600 million with a company valuation of $5.4 billion. According to the filing with the SEC, Circle plans to sell 9.6 million Class A common shares at a price [&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],"class_list":["post-24318","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-circle","tag-ipo","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24318","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=24318"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24318\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}