Stablecoin Giant Circle Files to go Public on NYSE

Circle Internet Group, the firm behind stablecoin USDC, has filed for an initial public offering on the New York Stock Exchange, the firm said on Tuesday.

Circle is offering 24 million of its class A shares, out of which 9.6 million is being offered by the firm, while 14.4 million shares are being offered by selling stakeholders. It also expects to grant the underwriters a 30-day option to buy up to 3.6 million shares.

The IPO price is expected to be between $24 and $26 per share

J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. The stablecoin giant will trade under the ticker ‘CRCL.”