Circle, the issuer of the USDC stablecoin, announced the launch of its initial public offering (IPO) on May 27, 2025, aiming to offer a total of 24,000,000 shares of Class A common stock. The company applied for listing on the New York Stock Exchange (NYSE) under the ticker CRCL. Of the shares being offered, Circle will issue 9,600,000, while selling stockholders will offer the remaining 14,400,000 shares. Additionally, Circle plans to provide underwriters with a 30-day option to purchase up to 3,600,000 extra shares for overallotments. Major U.S. investment banks, including JPMorgan, Citigroup, and Goldman Sachs, are involved as joint lead active bookrunners, alongside European banks like Barclays and Deutsche Bank. The offering’s co-managers include several other financial institutions, enhancing the IPO’s reach and potential success. This development marks a significant step for Circle as it navigates the regulatory and capital markets landscape while fulfilling its goal of expansion within the financial system.

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