Circle's 2024 IPO: What You Need to Know? 🚀
#Circle is reportedly considering an #IPO in early 2024, seeking advice on the move but with no certainty.
Initially set for a $4.5 billion merger in July 2021, the deal fell through. The stablecoin issuer, valued at $9 billion in February 2022, is now privately owned, contemplating its first public offering.
Despite a 56% drop in USDC's market cap from its $55.9 billion peak in June 2022 to $24.6 billion, Circle remains discreet about details.
With investments from #BlackRock , Fidelity Management, Goldman Sachs, and others, the potential IPO poses significant market implications.
