<ul><li>Circle Internet, the company behind the USDC stablecoin, plans to go public in the United States with a valuation of up to $6.71 billion in an initial public offering.</li><li>Circle intends to sell about 9.6 million shares with existing shareholders planning to sell roughly 14.4 million shares, aiming to raise as much as $624 million through the IPO.</li><li>Once listed on the NYSE under the ticker symbol 'CRCL', Circle shares will be priced between $24 and $26 each. J.P. Morgan, Citigroup, and Goldman Sachs are the lead underwriters for the IPO.</li><li>Despite the ambitious valuation, challenges such as distribution gaps, thin profit margins, and costly partnerships raise doubts about Circle's actual value, with some estimating it to be worth $1.7 to $2.0 billion.</li></ul>

Circle Seeks $6.7 Billion Valuation in NYSE IPO with $624 Million Share Sale

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