Circle Internet Group Inc., the company behind the second-largest stablecoin, USDC, today announced the launch of its initial public offering on the New York Stock Exchange.
The IPO includes a total of 24 million shares of Class A common stock, with 9.6 million shares offered by Circle and 1.44 million offered by selling stockholders. The offering price is expected to be between $24 and $26 per share.
Circle will appear on NYSE under the stock ticker symbol “CRCL.”
The launch comes after the company filed confidentially with the U.S. Securities and Exchange Commission in 2024 after having failed to go public in a merger with a special-purpose acquisition company in 2022. Circle had also reportedly held “informal talks” about a possible $5 billion acquisition from global cryptocurrency exchange Coinbase Global Inc. and rival cryptocurrency issuer Ripple Labs Inc., the company said in its announcement.