Circle has filed for an IPO and plans to list on the New York Stock Exchange, according to CNBC. JPMorgan Chase and Citigroup are lead underwriters for Circle’s IPO, which targets a valuation of up to $5 billion. The move follows a failed 2022 SPAC deal and aligns with Circle’s efforts to integrate more closely with global finance, including a headquarters relocation to One World Trade Center. The IPO lands amid a cautious tech market but rising optimism in crypto, stablecoin legislation, and broader digital asset activity.
