Circle did not reveal the number of shares it plans to sell nor the proposed price range for the assets.
Circle Internet Financial, the issuer of USD Coin (USDC), the second-largest stablecoin by market capitalization, has reportedly revealed that it confidentially filed for an initial public offering (IPO) in the United States.
On Jan. 11, media outlet Reuters reported that Circle’s IPO filing is part of the company’s plans to become a publicly traded firm. However, the stablecoin issuer did not reveal the proposed price range for its IPO filing or the number of shares that it planned to sell.
The company expects the IPO to proceed after the U.S. Securities and Exchange Commission (SEC) completes the review process, adding that this is still subject to market conditions.
