Circle is aiming for a valuation between $4 billion and $5 billion as it approaches its roadshow, which is seen as a critical moment for the stablecoin issuer. Experts, including PitchBook’s Robert Le, suggest this valuation may be intentionally low, especially when compared to Coinbase's near $100 billion valuation during its IPO. Le anticipates that if interest during the roadshow exceeds expectations, Circle's valuation may significantly increase by the end of the event. As the market evolves with potential competition from banks entering the stablecoin space, discussions around the future of stablecoins and their usage will be pivotal. Additionally, a successful public listing could initiate a broader trend of crypto IPOs, influencing venture capital inflows into the sector. Other firms like Kraken and Chainalysis may follow suit in this potential crypto IPO boom.

Source 🔗