CryptoFinance & Economy

[NEWS] Circle, a US company that issues USDC, files paperwork for IPO

2024/08/09 09:14 (Updated 2024/12/20 12:27)
Editors of Iolite
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[NEWS] Circle, a US company that issues USDC, files paperwork for IPO

First documents submitted for IPO

Circle, the US company that issues the stablecoin USD Coin (USDC), whose value is backed by the US dollar, submitted a draft registration statement for an IPO (initial public offering) to the SEC (US Securities and Exchange Commission) on the 11th. This is the first time that Circle has submitted documents for an IPO.

The number of shares to be offered and the public offering price have not yet been determined. The documents submitted this time are confidential, and details have not been disclosed.

Circle has long been known to have a positive attitude toward IPOs. In 2021, it had planned to merge with Concord Acquisition Corp, a special purpose acquisition company, and conduct an IPO, but this plan fell through at the end of 2022. At the time of the dissolution of this plan, the company's valuation was $9 billion (approximately 1.3 trillion yen).

Circle once canceled its plans, but it was revealed in November last year that it was considering an IPO again. Sources told Bloomberg that the company is aiming for an IPO in early 2024.

Circle CEO Jeremy Allaire said, "Being a public company in the U.S. market is part of our long-standing strategic aspirations."

Reference:Announcement
Image: Shutterstock

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Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.