Stablecoin issuer Circle weighing up 2024 public launch: Report
Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.
USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.
A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the deliberations will result in a public listing.
Circle first agreed to go public in a $4.5 billion merger with Concord Acquisition in July 2021 but that deal fell through.
“Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations,” a Circle representative told Bloomberg.
Circle remains tight-lipped on the details. “We don’t comment on rumors,” the representatives added.
A potential IPO would see the now-privately owned Circle publicly offer shares for the first time.
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