The USDC’s publisher, Circle, filed a stable stable stable stable price organized in US dollars.
The company, which earns money from preliminary assets, reported that sales and reserves increased from $ 14.5 billion to $ 16.8 billion in 2024. Circle’s 2024 net income was $ 160 million, down from $ 260 million in 2023.
This is the second attempt of Circle for listing on the securities exchange. The company previously tried to unveil it in 2022 in combination with SPAC, but discarded the plan when the SEC did not approve the merger within the expected period. Before failing, SPAC transactions rated Circle to $ 9 billion.
Renaissance Capital says the company is not sure what value it will bring to the IPO, but the Renaissance Capital estimates that the company will raise $ 750 million.
According to regulations, investors with more than 5% ownership of the company include Accel, General Catalyst, Breyer, IDG Capital and Oak Investment Partners.
According to the submission, the circle’s Circle USDC is $ 60 billion.
The company is planning an IPO from the Trump administration’s support for encryption assets.
