Circle confidentially files for IPO following banner year for crypto stocks
Publishing timestamp: 2024-01-11 12:27:35
Summary
Circle, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This comes after their previous plan to go public via a special purpose acquisition company fell apart. The tech IPO market has been slow, but crypto stocks had a successful year in 2023. The public listing is expected to happen once the SEC completes its review. Circle is known for its USD Coin, the second-largest U.S. dollar pegged stablecoin.
Sentiment: NEUTRAL
Tickers: COIN, MSTR, ETH.CM=, MARA,
Keywords: cryptocurrency, bitcoin, technology, business news, ipo, ethereum/usd coin metrics, microstrategy inc, fintech, breaking news: technology, coinbase global inc, marathon digital holdings inc,