#CircleIPO

Circle Internet Financial, the issuer of the USDC stablecoin, has publicly filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol "CRCL." In 2024, Circle reported net income of $156 million on revenue of $1.68 billion, compared to net income of $268 million on $1.45 billion in revenue the previous year. JPMorgan and Citigroup are leading the underwriting for the offering.