#CircleIPO

Circle, the company behind the popular USD Coin (USDC) stablecoin, is making another attempt at going public through an initial public offering (IPO).¹ This comes after a previous plan to go public via a SPAC merger was called off in December 2022. Circle's core business revolves around issuing and managing USDC, the second-largest stablecoin by market capitalization.

The company has confidentially submitted plans for a traditional IPO and is reportedly financially strong, with no need for additional funding.² Circle's revenue has been growing, with $779 million reported in the first half of 2023, surpassing its full-year 2022 revenue of $772 million.

However, the IPO plans may be impacted by regulatory hurdles, particularly the SEC's classification of USDC as a security. If USDC is deemed a security, Circle would face increased regulatory requirements and costs, which could delay its IPO plans.

Investors can explore investing in Circle through pre-IPO shares, which are available through platforms like EquityZen.³ ⁴