USDC

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-prepares-for-ipo-and-achieves-significant-valuation/" data-wpel-link="internal">Circle Prepares for IPO and Achieves Significant Valuation</a> 
For the largest companies in this field, the next step is going public, and some mining companies have achieved this with <a href="https://en.coin-turk.com/sec-classification-of-xrp-sparks-renewed-calls-for-coinbase-relisting/" data-wpel-link="internal">Coinbase</a>. Going public will also bring tighter, regular audits, which is beneficial for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. Soon, we will see one of the largest stablecoin companies go public. 
<h2 style="text-align: justify" id="circle-ipo">Circle IPO</h2> 
Circle Internet Financial is already the issuer of one of the largest stablecoins, USDC. Recently, the company received a MiCA-compliant service license, becoming the first global stablecoin company in Europe. 
<img decoding="async" class="wp-image-375359 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Circle.png" alt="" width="879" height="314"> 
According to sources familiar with the matter, Circle reached a certain valuation before the IPO. Sources say the company will reach a valuation between $5 billion and $5.25 billion based on share pricing. 
The second-largest stablecoin, USDC, experienced turbulent days, especially during the discounted sale of low-interest bonds due to the bankruptcy of banks. However, it managed to recover quickly. Before the planned IPO, Circle allows trading of some shares in the secondary market. Most of the sellers are company employees. However, shares are not allowed to be sold below a $5 billion valuation. 
<h2 style="text-align: justify" id="crypto-company-ipo">Crypto Company IPO</h2> 
In 2022, a valuation of around $9 billion was mentioned, but now figures of $5 billion are being discussed for shares. Due to the FTX collapse, the agreement with a special purpose acquisition company (SPAC) named Concord Acquisition Corp was shelved at that time. The SEC was vowing revenge due to the nightmare SBF caused for US citizens. 
According to sources, the $5 billion valuation is a floor set for secondary market sales, so there is no cause for concern. When approvals for the actual stock exchange listing come, a valuation target of $9 billion may be seen again. 
A report published earlier this year mentioned that the number of wallets with a balance over $10 had reached 2.7 million, an increase of nearly 60% compared to the previous year. This is a positive detail for Circle’s valuation, along with the strong increase in USDC adoption. 
Circle submitted the S-1 Form to the SEC before the IPO (January 2024) and took steps to move its headquarters from Ireland to the US. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-prepares-for-ipo-and-achieves-significant-valuation/" data-wpel-link="internal">Circle Prepares for IPO and Achieves Significant Valuation</a></h5>
The post <a href="https://en.coin-turk.com/circle-prepares-for-ipo-and-achieves-significant-valuation/" data-wpel-link="internal">Circle Prepares for IPO and Achieves Significant Valuation</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Circle Prepares for IPO and Achieves Significant Valuation

Table of Contents

COINTURK NEWS

Autres articles publiés le 30 juil. 2024

Vitalik Buterin and His Team Celebrate Ethereum’s Ninth Anniversary

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Building a Decentralized Future with RAIN Coin

Solana Surpasses Ethereum in Weekly Fees for the First Time in 2024

INJ to $65, DOT to $12? Why these altcoins can have a bullish H2

Important Announcements For The MoonBag Coin Allocations

Join our free newsletter for daily crypto updates!