<ul><li>Circle, the company behind the world’s second-largest stablecoin (USDC), is targeting a $5.65 billion valuation in a US IPO.</li><li>Circle plans to issue 9.6 million shares and existing shareholders aim to offload 14.4 million shares priced between $24 and $26 each, raising $624 million.</li><li>After the IPO, Circle will trade on the NYSE under the CRCL ticker symbol.</li><li>Circle filed for an IPO in April, boasting increasing revenue but decreasing EBITDA and net income, aiming for transparency and accountability in building financial infrastructure.</li></ul>

USDC Issuer Circle Aims at $5.65 Billion Valuation in US IPO

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