File Stablecoin Giant Circ Ciro IPO in Nyse at $ 6.7 billion cost

The ring out of the stablecoin is hoping to raise a $ 624 million for an expected public offer expected.

The Crypto giant-which is behind the COIN (USDC), the Committee available and exchanged with $ 26 million to $ 26. The company is aimed at $ 6.7 billion valuation.

Circles filed form S-1 last month Announces its plans to preach to public – latest companies

And it has big backers: Cathie Wood’s investment says it is interested in buying stock up to $ 150 million shares in IPO, Submitted.

The circle is expected to trading in New York stock market markets under Ticker Cll.

Crypto Products, are one of the most important independence assets there: dealer uses the cage to enter and press the period; Digital tokens are considered a spine of crypto’s economy.

The total number of values ​​of the total 6.8 billion traded on the previous day, Coingeck Profile trading, making it a fourth largest cryptocurrency in terms of volume. USDC market market is worth $ 61.5 billion.

USDC has been launched by America Crypto’s largest crypto in 2018 through consortium centers. Coinbase, which is people in 2021, received a huge share of interest in the ring in August 2023 amid dissolution of consortium.

Circle try to public by 2022 through the spac, but scrambled the plan. Last year, relevant rumors that companies will try again.

AMPO plans plans, circles reported as the goal of the acquisition. In April, Spark Reported that crypto giant payments with $ 4-5 billion for a circle for the circle, but has been rejected by too low offerings.

Edited by Andrew Hayward