Stablecoin Issuer Circle Internet Considering 2024 IPO

Circle Internet Financial Ltd., issuer of the USDC stablecoin, is considering going public early in 2024, according to people with knowledge of the matter.

The company is talking to advisers as it prepares for a potential initial public offering, said the people, who asked not to be identified discussing confidential information. Deliberations are ongoing and there’s no certainty that Circle will decide to proceed with a listing, the people said. While it’s not clear how much Circle would seek to be valued in an IPO, it was valued at $9 billion when it tried to go public in a blank-check deal in 2022.