Circle Internet Financial, the transmitter of the USDC Stablecoin, would have hired the investment banks JPMorgan Chase and Citi as subscribers of a hoped -to -grant IPO, Fortune reported.
Although the timing is not yet fully decided, the sources say that Circle will publicly deposit its prospectus at the end of April, which means a potential IPO perhaps before June.
The company had previously filed confidential documents with the Securities and Exchange Commission of the United States in January 2024.
Circle in 2021 had attempted to become a public via a spac merger in 2021, but this attempt was derailed first by an intransigent sec and then by the collapse of the crypto of 2022.
According to people familiar with the question that spoke with fortune, Circle is looking for an evaluation of $ 4 billion at $ 5 billion.
Coindesk reported in July that the company was estimated at around 5 billion dollars on private secondary markets.
