USDC Issuer Circle Files for IPO on NYSE: Report

Main notes

• StableCoin Giant Circle has officially submitted to the public in the United States.
• With more than 24 million shares for purchase, the company will trade on the New York Stock Exchange under the Ticker “CRCL” code.
• This public subscription file confirms that the company is not for sale or Coinbase.

Circle Internet Financial, the second largest exporter Stablecoin, took an important step in its initial general presentation (IPO) by presenting the list on the New York Stock Exchange (NYSE).

After several attempts to become a public circulating company in the United States, this step made it finally official.

Circle 24 million shares offer and public subscription details

According to the May 27 announcement, a circle is Submit 24 million shares Category a regular stocks. Among these holdings, the company directly offers 9.6 million shares and 14.4 million shares of shareholders.

This represents a great milestone, more than a year after the company presented for the first time in the registration statement with the United States Securities and Stock Exchange Committee (SEC).

In addition, the USDC source must give libraries a 30 -day option to purchase up to 3.6 million shares to ensure that they can cover allocations. The subscription price was crowned at $ 24.00 and $ 26.00 per share.

If the maximum range is adopted, Circle can make up to $ 250 million. On the other hand, the stakeholders can generate about $ 375 million for their 14.4 million share.

The offer is still subject to market conditions, and there is no guarantee of the date of completion of the public subscription. Information about the size or conditions of the offer is still not available.

Based on the details in the NYSE application, Circle will be traded under the Ticker “CRCL” icon.

Attempts to the department for the public

The USDC source made multiple attempts to the public but faced relapses along the way. In 2022, Circle followed the public subscription through a special purpose acquisition company (SPAC) and Concord Acquisition. However, it was forced to cancel the plan after Concorde’s failure to complete the regulation’s qualification requirements on time.

This coincided with the harsh winter season, which reached the broader encryption market, which caused multiple integrations and symbolic accidents.

When the draft registration statement with the Supreme Education Council in January 2024 was made, the public subscription seemed closer to what was expected. Unfortunately, the Supreme Education Council had to wait some time to complete the request review.

CEO Jeremy has always believed that the circle was ready for this new work. He once said: “We are in a strong financial position and we have been able to build a very strong work, and we are currently not seeking any financing,” he said.

Disbunity of acquisitions, focuses on public subscription

Earlier this month, it was rumored that Circle was offered to offer a $ 5 billion sales by Blockchain Payments, which is based in San Francisco, if XRP lawyer, issued that Ripple may make Ripple a bank.

It turned out that the department refused the offer, saying that the offer was very low and therefore less than the company’s estimate. Meanwhile, unknown sources indicate that Ripple Labs may still make a higher offer, which may provoke competition with Coinbase.

Despite extensive speculation, Circle clearly mentioned that it is not for sale.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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