Circle is preparing for an IPO
A stablecoin issuer Circle is planning an IPO. The company has already submitted an application to the NYSE. The shares will trade under the ticker symbol CRCL.
Circle plans to conduct its IPO as follows:
– the company will place 24 million Class A common shares;
– 9.6 million of these will be Circle’s own shares;
– more than 14 million shares will be sold by existing shareholders;
– underwriters will receive an option to purchase approximately 3.6 million additional shares, which they can exercise within 30 days.
The estimated cost of one issuer’s security is USD 26 per unit. However, the final price and volume of the offering depend on market conditions at the time of the IPO. The company has not yet announced the exact date of its IPO.
Who is interested in the company’s shares?
J.P. Morgan, Citigroup, and Goldman Sachs are acting as bookrunners for the offering. Barclays, Deutsche Bank Securities, AmeriVet Securities, and other investment banks are participating as well.
Circle has filed to register securities with the SEC. Once approved, the shares will be available for public sale.
It is worth noting that Ripple and Coinbase expressed interest in acquiring Circle in May 2025. However, neither company officially confirmed their plans. According to some sources, Ripple offered about USD 5 million in April, but Circle rejected this offer and the terms offered by Coinbase. Circle officially stated that it had no plans to sell and intended to develop the business independently.
Overview of the company’s new product
In May 2025, the company introduced the Circle Payments Network. This international payment network was created in partnership with Deutsche Bank, Standard Chartered Bank, and others. The new solution aims to simplify international payments. It includes traditional banks, neo-banks, digital wallets, and payment services. It enables real-time transactions. Payments use regulated stablecoins, USDC and EURC, represented by Circle.
The new system solves current problems with international transfers. The World Bank reports that the average commission for cross-border payments exceeds 6% of the transfer amount. Processing can also take more than a day due to the involvement of intermediaries.
The Circle Payments Network will facilitate fast, convenient, and reliable payments. The developers also paid special attention to the security system. Transactions can withstand cyber threats, and the movement of funds is transparent. The company positions its product as a step toward establishing a global payment infrastructure without time or geographical restrictions.
