Circle Internet Financial Ltd., the issuer of stablecoin USDC, is considering a listing in early 2024, people familiar with the matter said. The company is in discussions with advisers to prepare for a potential initial public offering. Relevant deliberations are still ongoing, and it is uncertain whether Circle will eventually continue to be listed.
While it's unclear what valuation Circle is seeking in an IPO, the company is valued at $9 billion when it attempts to go public in 2022 through a merger with special purpose acquisition company Concord Acquisition Corp.
"Becoming a U.S. public company has long been part of Circle's strategic vision, but we do not comment on rumors," a Circle representative said in a statement.