Circle Considers 2024 IPO After 2021 Failed Merger
Circle stablecoin issuer is reportedly considering an IPO in early 2024, according to insider sources. This follows a failed merger deal in 2021.
Circle, priced at $9 billion in February 2022, has seen USDC's market cap drop 56% to $24.6 billion from its June 2022 peak of $55.9 billion. Circle has gathered investments from major financial firms like BlackRock, Fidelity Management, Goldman Sachs, General Catalyst Partners, and Marshall Wace.
