TechFlow news, according to Bloomberg citing sources familiar with the matter, Circle Internet Financial Ltd., the issuer of the stablecoin USDC, is considering going public in early 2024.
The sources said Circle is talking with advisors about a potential IPO in 2024. The deliberations are ongoing, and it remains uncertain whether Circle will decide to proceed with the listing or how much valuation the company might seek in an IPO. The company was valued at $9 billion when it attempted to go public in 2022 through a merger with special-purpose acquisition company Concord Acquisition Corp.
A Circle spokesperson said in a statement: "Becoming a publicly traded company in the U.S. has long been part of Circle's strategic objectives. We do not comment on rumors." Circle has raised funds from investors including Goldman Sachs Group, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace LLP. The company was valued at $7.7 billion in a 2022 funding round.
