Company prepares for IPO on NYSE

Stablecoin provider Circle has officially submitted paperwork for its initial public offering (IPO) on the New York Stock Exchange (NYSE) to offer a total of 24 million shares of its Class A common stock. The breakdown of the offering includes 9.6 million shares of Class A common stock from Circle directly and an additional 14.4 million shares from existing stockholders. To cover over-allotments, Circle has allotted a 30-day option for underwriters to purchase an extra 3.6 million shares of Class A common stock, providing flexibility in the offering. At the current time, the projected price range for the IPO stands between USD 24 and USD 26 per share.

Market conditions will play a significant role in the completion of the IPO, with uncertainties surrounding the timing and size of the offering. Circle has selected the ticker symbol ‘CRCL’ for its stock listing on the NYSE. Notably, major financial institutions like J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are leading the active bookrunning efforts for Circle’s IPO. Supporting them are Barclays, Deutsche Bank Securities, and SOCIETE GENERALE as bookrunners, with BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co., and Santander serving as co-managers. Additionally, AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, Inc., and Roberts & Ryan have taken on roles as junior co-managers.

Circle has taken the necessary step of filing a registration statement with the Securities and Exchange Commission (SEC) in relation to the IPO. However, it is important to note that this registration statement has not yet become effective, indicating that the securities are not available for sale, nor are offers to buy accepted until the registration statement is approved.

In recent news, reports emerged in May 2025 suggesting that Circle was exploring discussions with Ripple and Coinbase for a potential acquisition. While talks with Ripple resulted in a bid valued between USD 4 billion and USD 5 billion being rejected by Circle, conversations with Coinbase also occurred, although no formal offers were disclosed. Despite these reports, Circle has since made it clear that it is not up for sale, refuting speculations on a potential buyout.