Stablecoin Giant Circle file for initial competition

Circle, a publisher based in the United States, is being released.

The company submitted the S-1 form to the Securities and Exchange Commission (SEC) on Tuesday. If approved, the company’s stock is traded at the New York Stock Exchange under the “CRCL” sign.

The company said at the end of 2024 that the reserves related to STABLECOIN were $ 1.7 billion, accounting for 99.1%of total sales.

The CIRCLE is the second largest market cap, behind the USDC, and $ 60 billion. The company’s IPO was one of the most anticipated Crypto because the company tried to release it for many years.

Jeremy Allaire, CEO of Jeremy Allaire, said Jeremy Allaire said in 2021 that the SPAC merger failed in 2021, the first attempt of SPAC merger. According to a report at the time, the US Securities and Exchange Commission (SEC) suggested that it was not signed by the company’s plan that Circle refused.

Secondly, while choosing a different path, Circle submitted a draft registration for the initial contest with the SEC in January 2024, which was now dragged out of the government’s encryption environment until President Donald Trump took office.

Yesterday Circle reported that the company hired the investment bank JPMORGAN Chase and CITI to help the IPO, and valued the company from $ 4 billion to $ 5 billion. CoINDESK reported in July that it was worth about $ 5 billion in the secondary market of the company.

According to the press release, JPMORGAN CHASE will work in cooperation with Citigroup to act as a Bookrunner of Lead Left Active. Barclays, Deutsche Bank, and SG Americas are also part of the synthkate.

Circle is not the only encryption response company that wants to go openly. Since Trump’s inauguration, some encryption companies have doubled their plans, including Ripple, Kraken, and twins, and there are rumors that they are all watching IPOs.

The artificial intelligence (AI) company COREWEAVE (CRWV) due to a strong business relationship with Bitcoin Mining Firm Core Scientific (Corz) began trading in the public market on March 28.

Update (April 1, 21:14 UTC): More information about the public history of Circle is added.