Circle Internet Group Files for IPO on NYSE

According to Cointelegraph, Circle Internet Group, the issuer of the stablecoin USD Coin (USDC), has submitted an S-1 registration statement for an initial public offering (IPO) in the United States. The filing, dated April 1, was made with the Securities and Exchange Commission (SEC) and indicates that Circle plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol "CRCL." However, the prospectus does not specify the number of shares to be offered or the target price for the IPO. Circle's financial performance for 2024 shows a revenue of $1.67 billion, reflecting a 16% increase compared to the previous year. Despite this revenue growth, the company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) experienced a decline of 29%, amounting to $284.8 million. These financial results cover the three-year period ending December 31. This development is part of an ongoing story, and additional details will be provided as they become available.