Circle plans IPO but talks with Ripple, Coinbase could lead to sale: Report

Circle, the issuer of stablecoin USDC (USDC), is still planning an initial public offering (IPO), but the company is also in informal talks with Ripple and Coinbase about a sale, according to a report from Fortune. Circle is seeking at least $5 billion, which is its target for the IPO, according to the four banking and private equity sources Fortune cited. Ripple tried to purchase Circle on April 30, but the $4 billion to $5 billion bid was rejected as being too low. If Ripple or Coinbase were to buy Circle, the details of a purchase would differ source: https://cointelegraph.com/news/circle-plans-ipo-talks-ripple-coinbase-could-lead-sale-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound