Reported by Bloomberg, Circle is considering an initial public offering in 2024. The company has been talking to advisers about a potential IPO. "While it’s not clear how much Circle would seek to be valued in an IPO, it was valued at $9 billion when it tried to go public in a blank-check deal in 2022," according to the report.
In 2021, Circle agreed to go public through a merger with a Special Purpose Acquisition Company (SPAC) named Concord Acquisition Corp., but that arrangement later fizzled. "Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on rumors," a representative said.
Circle's investors including some of the largest financial institutions, including Goldman Sachs, Fidelity and Bloackrock.
Circle
