Circle Files for IPO: Launches Offering of 24 Million Shares
Circle Internet Group, Inc., a global fintech leader and issuer of the USDC stablecoin, has officially launched the initial public offering (IPO) of 24,000,000 shares of its Class A common stock.
The company, which plays a central role in the stablecoin and blockchain-based financial infrastructure sector, is positioning itself to go public on the New York Stock Exchange under the ticker symbol CRCL.
Breakdown of the Offering
Out of the 24 million shares, Circle itself will offer 9.6 million shares, while selling shareholders will offer the remaining 14.4 million shares. Additionally, underwriters have been granted a 30-day option to purchase up to 3.6 million additional shares to cover any over-allotments.
The initial share price is projected to range between $24.00 and $26.00, though final terms are subject to market conditions. The company has filed a registration statement with the U.S. Securities and Exchange Commission (SEC), which has not yet been declared effective. Until then, the sale of these securities cannot be finalized.
Major Underwriters
The IPO is being led by some of Wall Street’s most prominent investment banks.
J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners. They are joined by Barclays, Deutsche Bank Securities, and Société Générale as additional bookrunners. Several other financial firms, including BNY Capital Markets, Canaccord Genuity, and Oppenheimer & Co., are also participating as co-managers or junior co-managers.
What This Means for the Market
Circle’s public debut is one of the most anticipated moves in the digital asset and fintech space, signaling the growing convergence between traditional finance and blockchain infrastructure. As the issuer of USDC, one of the largest and most regulated stablecoins in the world, Circle’s IPO will be closely watched by institutional and retail investors alike.
However, as with all IPOs, the offering is still subject to regulatory approval and final pricing. Circle has emphasized that the offering will proceed only when market conditions are appropriate and all legal requirements are met.
Next Steps
Interested investors can obtain a preliminary prospectus from the lead bookrunners for more information. The company will likely move to finalize pricing and listing terms pending SEC approval in the coming weeks.
If successful, Circle’s IPO will mark a significant milestone in the evolution of digital finance, further embedding stablecoins into the fabric of the public capital markets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
