USDC Issuer Circle Eyes Fresh IPO After Failed 2022 Bid

• Circle is reportedly planning an early 2024 IPO.
• The company is the issuer of USDC, the second-largest stablecoin.
• Circle’s plans for an IPO in 2022 had failed.

Circle Internet Financial LTD., the parent company of the USDC stablecoin, is planning for an early 2024 public offering. Circle was valued at $9 billion when it tried to go public in 2022. The company has not yet outlined a timeline for the IPO. 

USDC stablecoin issuer Circle is considering a 2024 IPO. Circle's planed to go public via a SPAC merger in 2022, at a valuation of $9 billion and failed. Bloomberg reports.https://t.co/y2XCd8Mpap

— Wu Blockchain (@WuBlockchain) November 8, 2023

Circle had planned a 2022 public offering through a merger with the Concord Acquisition Corp., in a blank-check deal. Companies use blank-check deals to raise money through an IPO to complete a merger or acquisition with another company. The company was valued at $9 billion before its planned IPO. A combination of timing hurdles, market volatility, and a depressed crypto market were behind the deal’s collapse. 

Circle has not officially commented on the IPO, nor has it shared any information on its target val…

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