Circle Internet Group, a financial technology company specializing in stablecoins, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering. The company has not yet determined the number of shares to be offered or the price range. Circle intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “CRCL.” J.P. Morgan will serve as the lead left active book-runner, with Citigroup as the lead right active book-runner. Additional support will come from Barclays, Deutsche Bank Securities, SG Americas Securities, and other co-managers.
The offering will proceed only through a prospectus once the registration statement becomes effective. Currently, the securities cannot be sold or offered until all regulatory approvals are complete. Circle, known for issuing USDC and EURC stablecoins through its regulated affiliates, provides businesses with services to integrate digital currencies and blockchain technology into their operations. The company is aiming to expand the usage of stablecoins across global markets through its financial and technology platforms. This filing marks a significant step for Circle as it seeks to enter public markets and extend its reach within the digital financial services sector.
