Circle Prepares for IPO with JPMorgan and Citi as Underwriters

The USDC stablecoin issuer targets a June IPO launch and a valuation of $4-5 billion, following key regulatory and global expansion milestones.

Circle Internet Financial has appointed JPMorgan Chase and Citi to underwrite its planned initial public offering (IPO).
The company intends to file its IPO prospectus by late April 2025, with a potential launch targeted for June 2025.
Circle is aiming for a valuation between $4 billion and $5 billion as part of its public listing strategy.
On March 26, 2025, Circle launched its USDC stablecoin in Japan in partnership with SBI Holdings, making it the first stablecoin approved under Japan's regulatory framework.
Circle is collaborating with Intercontinental Exchange (ICE) to explore new applications for its USDC stablecoin, furthering its focus on innovation and global partnerships.