According to Bloomberg, Circle, the company that created the USDC stablecoin and has a market valuation of more than $24 billion, is thinking about doing an IPO in 2024.
An IPO is something the company has been discussing with advisors, according to a Bloomberg report that used anonymous sources. “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 article.
Circle and Concord Acquisition Corp., a Special Purpose Acquisition Company (SPAC), reached an agreement in 2021 to merge and go public, but the deal eventually fell through. One of Circle’s long-term strategic goals has been to become a publicly traded company in the United States. We don’t address rumors,” an official with
