Circle Internet Group, a leading global financial technology and stablecoin company, files for an IPO on NYSE, offering 24 million Class A shares.
The IPO share price is set between $24 and $26 per share, with a total of 9.6 million shares to be issued directly and 14.4 million shares to be sold by current shareholders.
Circle reports $1.68 billion in revenue and $156 million profit in 2024, showcasing positive performance compared to the previous year.
Circle's IPO may boost the integration of traditional finance and crypto, with the potential for more crypto companies like Ripple, Kraken, and Gemini to go public this year.