Circle has formally filed an S-1 application to conduct an initial public offering (IPO), according to an April 1 filing submitted to the Securities and Exchange Commission (SEC).
Circle, the issuer of USD Coin (USDC), plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol “CRCL.”
According to the prospectus, Circle is offering an undisclosed number of Class A common stock shares, while certain existing shareholders are also registering shares for sale. The expected price range per share has not yet been determined.
Proceeds from shares sold by Circle will go to the company, while proceeds from shares sold by existing holders will not. The underwriters, led by JPMorgan and Citigroup, have a 30-day option to purchase additional shares to cover over-allotments.
The financial data included in the filing provides the most detailed view of Circle’s recent performance.
For the fiscal year ending…
