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Circle, the issuer of the USDC stablecoin, is set to go public this April with JPMorgan Chase and Citi as underwriters, aiming for a valuation between $4 billion and $5 billion. This IPO follows a challenging journey, including a collapsed SPAC deal and regulatory hurdles, and is expected to enhance confidence in blockchain-based financial services. With USDC's market cap at $60 billion, the move could position Circle as a strong competitor to Tether in the stablecoin market.
MarketBeat highlights five stocks recommended by top analysts as better buys than JPMorgan Chase & Co., which holds a Moderate Buy rating. Meanwhile, nuclear energy stocks like Cameco Corp and Paladin Energy have surged over 40% in 2024, with potential for further gains. Insider trading at JPMorgan shows significant sales, while institutional investors continue to increase their stakes, with 71.55% of the stock owned by such entities.
UBS shares received strong support from analysts last month, with four experts recommending a buy. The average price target is CHF 36.25, indicating a potential increase of CHF 9.38 from the current price of CHF 26.87. The six-month rating trend remains positive.
JPMorgan Chase & Co. has filed Form 424B3 as of March 31, 2025, at 12:22 PM EDT. The filing is part of ongoing regulatory disclosures, and interested parties can sign up for free alerts from StreetInsider.com to stay updated on related news and filings.
Circle Internet Financial is enlisting JP Morgan Chase and Citi for its planned IPO filing, expected in late April, though timelines may shift. This follows previous attempts to go public, including a SPAC merger in 2021 and a draft S-1 registration with the SEC in 2024. Circle, which issues the USDC stablecoin, joins other crypto firms like Kraken and Gemini in pursuing public listings amid a supportive regulatory environment.
The estimated value of the notes may initially be higher than their actual value due to costs included in the original issue price, which will decline over time. Secondary market prices are expected to be lower than the original issue price, potentially leading to significant losses if sold before maturity. Additionally, factors like negative roll returns and lack of liquidity can adversely affect the notes' value and performance.
Circle is set to file for an IPO in late April, partnering with JPMorgan and Citi, aiming for a valuation between $4 billion and $5 billion. This move follows a previous attempt that was abandoned in 2022 due to market conditions and regulatory scrutiny. The anticipated IPO could be the largest in the crypto sector since Coinbase's debut in 2021.
Circle, the issuer of USDC, has engaged JPMorgan and Citi to facilitate its public offering, anticipated for late April. The move marks a significant step for the company as it seeks to expand its presence in the financial markets.
Circle Internet Financial, creator of the USDC stablecoin, is preparing for an IPO with guidance from JPMorgan and Citi, aiming to file documentation by late April 2025. The company seeks a valuation of $4 billion to $5 billion, a decrease from its previous $9 billion target, as it faces scrutiny over its revenue reliance on USDC reserves. With USDC's market cap surpassing $60 billion, this IPO could be the most significant in the crypto sector since Coinbase's debut in 2021.
JPMorgan Chase & Co. (NYSE:JPM) ranks 7th among the best very cheap stocks to buy according to billionaires, with a forward P/E of approximately 13.2x and 14 billionaire investors backing it. Analysts remain optimistic about its growth potential, driven by investments in technology and a favorable market outlook, particularly in capital markets and M&A advisory. Despite this, some experts suggest that deeply undervalued AI stocks may offer greater returns in a shorter timeframe.
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