According to BlockBeats, Circle Internet Financial's privately held shares are being traded on the secondary market, with the price indicating a valuation of $5 billion to $5.25 billion ahead of its planned initial public offering (IPO). This information was reported by Coindesk, citing sources familiar with the matter.

One source mentioned that the sellers are early investors or Circle employees who are divesting for liquidity reasons. It is common for employees to have the opportunity to liquidate their stock options before a company goes public. Two sources indicated that the company does not permit transactions below a $5 billion valuation.