Circle, USDC Issuer, Stablecine near the US Dollar, Filed for the public on TuesdayThe
The company, which earns money from the interest earned in its reserve resources, says its 2024 revenue and reserve income was $ 1.68 billion, which was more than $ 1.45 billion years ago. Circle 2024 net income was $ 156 million, less than $ 268 million in 2023.
This is the second attempt of the circle on the stock exchange list. The company had previously tried to join the public by combining an SPAC with an SPAC in 2022, but the SEC canceled its plans when the attachment was not approved within the expected timeframe. Before failing, the SPAC Deal is a valuable circle at $ 9 billion.
Although the company is not clear what the price will bring to its IPO, the capital of the Renaissance assumes that the company will try to raise 50 750 million In the offer of it.
According to the regulatory filing, investors, including more than 5% of the company’s ownership, include Accele, General Catalist, Breaker, IDG Capital and Oak Investment Partners.
According to the filing, the circle USDC is worth $ 60 billion.
The company is planning its IPO in the Trump administration’s supportive position on Crypto assets.