Stablecoin issuer Circle takes another stab at a public listing

Circle, USDC’s issuer, a stablecoin for US dollars, Applied to go to the public on Tuesday.

The company, which earned the interest earned by the reserve, was reported to be $ 1.68 billion in revenues and reserve income of 2024. In 2023, in 2023, 2024 net income fell from $ 156 million and $ 2023.

This circle is the second attempt on the list. The company previously He tried to go to the public By combining a spac in 2022, the SEC broke his plans when the combination did not confirm the merger during the expected period. Before failing, the SPAC agreement was evaluated Circle $ 9 billion.

Although the company is not clear what value in the company, the Renaissance capital estimates that the company will try to rise $ 750 million in the suggestion.

According to the regulatory document, investors with more than 5% owners in the company include Accel, General Catalyst, Breyer, IDG capital and Oak investment partners.

According to the file, the circulation in circulation is estimated at $ 20 billion.

The company plans the iPO of the Trump Administration Position support for Crypto assets.