Circle Internet Financial, the big cheese behind $USDC is flirting with the idea of a 2024 public debut via IPO. 😱
According to Bloomberg, they’re whispering sweet nothings to advisers, mulling over the should-we-shouldn’t-we of joining the stock market party, but let’s not get ahead of ourselves. These chats are hush-hush.
Circle’s not new to the whole “take me to the stock market” dance. They were eyeballing a $9 billion valuation the last time they got dolled up for a SPAC in 2022, but that ended with a “thanks, but no thanks.” The rep from Circle is playing coy, batting away the rumor with a “no comment.”
Analysts say to keep your eyes peeled in 2024—Circle might just be the belle of the Wall Street ball. Or not. Stay tuned. 🗓️