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Stablecoin Issuer Circle Files for IPO After Big Revenue Report

  • Circle Internet Group has filed for an initial public offering (IPO) with the US Securities and Exchange Commission.
  • In the filing, Circle revealed plans to list its stock on the New York Stock Exchange under the symbol CRCL.
  • The company reported a net income of $156 million on revenue of $1.68 billion in 2024, compared to $268 million net income on $1.45 billion in revenue the previous year.
  • The IPO has been highly anticipated in the crypto industry, and Circle's CEO stated that they are building critical infrastructure for the financial system.

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