Circle’s IPO returns with NYSE filing and $24-$26 share range

Circle Announces Initial Public Offering on the New York Stock Exchange

Stablecoin leader Circle has officially filed for an initial public offering (IPO) on the New York Stock Exchange. The company behind the USDC stablecoin will trade under the ticker symbol CRCL, with shares priced between $24 and $26.

The IPO will include 24 million shares, consisting of 9.6 million new shares from the company and 14.4 million shares from early investors and existing stockholders. Leading investment banks J.P. Morgan, Citigroup, and Goldman Sachs will manage the offering.

Circle's founders, Jeremy Allaire and Sean Neville, will retain control through Class B shares that carry five votes each. While this gives them significant governance influence, the company will still comply with all NYSE public company requirements, including transparency obligations.

This represents Circle's second attempt to go public after an unsuccessful SPAC merger in 2022. The current IPO comes amid growing regulatory clarity for crypto assets in the U.S., requiring Circle to undergo thorough financial audits and maintain transparent operations.

As Circle competes with Tether for stablecoin market share, this IPO positions the company as the largest U.S.-based stablecoin issuer. The capital raised will support Circle's expansion plans in the dynamic cryptocurrency sector.