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USDC issuer Circle is preparing for an initial public offering (IPO) with support from major U.S. investment banks JP Morgan Chase and Citi.
According to insiders cited by Fortune, the company aims to file for the IPO towards the end of April. However, this timeline remains uncertain and could be adjusted.
Once filed, trading might commence within four weeks, but delays are possible based on the registration process.
This isn’t Circle’s first attempt to go public. Back in 2021, the company sought to achieve this through a SPAC merger. More recently, in 2024, Circle made another effort by submitting a draft S-1 registration to the SEC on a confidential basis.
The move to go public comes at a time when other significant players in the crypto industry are considering similar steps, motivated by a more crypto-friendly environment under the current administration and regulatory landscape.
Notably, Kraken, Gemini, and BitGo have all expressed intentions to go public either this year or next, as previously reported by The Block.
