Stablecoin USDC issuer Circle is reportedly in talks with its advisors about an Initial Public Offering (IPO) for early next year.
Early IPO In 2024?
Stablecoin USDC issuer Circle Internet Financial Ltd is reportedly exploring the possibility of going public with an Initial Public Offering (IPO) in 2024. This development comes after a previous attempt to go public through a Special Purpose Acquisition Company (SPAC) fell through in 2022.
According to insider sources, Circle has initiated discussions with advisors regarding a potential IPO next year. These discussions are ongoing, and it remains uncertain whether Circle will ultimately decide to proceed with a public listing.
Valuation and Past Attempts
While the exact valuation for the potential IPO remains unknown, it’s worth noting that in 2022, Circle was valued at $9 billion when it attempted to go public through a blank-check deal. This historical context provides some insight into the company’s potential market capitalizati
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