{
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circle internet financial plans ipo with jpmorgan and citi guidance

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.
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United States Dollar Coinbase Global, Inc. BlackRock, Inc. Kraken Energy Corp. JPMorgan Chase & Co. USA Luisa Beltran Leo Schwartz Show more
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17:45 31.03.2025
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