Circle, one of the largest stablecoin companies in the cryptocurrency industry, plans to enter the stock market next year.
According to information provided by Bloomberg, Circle, the issuer of USDC with a market value of more than $ 24 billion, is considering going public.
According to the news based on anonymous sources, the company has been working on a possible public offering for some time. with consultants is meeting. In the news, “Although it is unclear how much valuation Circle will seek to receive in this IPO, the company was valued at $9 billion in a deal made while it was trying to go public in 2022.” It was said.
Circle will acquire Concord Acquisition Corp. in 2021. It approved a plan to go public by merging with a special purpose acquisition company, but this plan was later shelved.
A Circle spokesperson told Bloomberg:Listing in the US has long been one of Circle’s strategic goals. “If it is about rumors, we do not comment.” said.
The group investing in Circle includes big names such as Goldman Sachs, Fidelity and BlackRock.