Circle, the largest issuer of USDC — the second largest stablecoin, has initiated its initial public offering (IPO). The firm will be offering 24 million shares of its Class A common stock on the New York Stock Exchange (NYSE). Through the IPO, Circle aims to raise between $576M–$624M. 

The official announcement confirms that major firms are leading the underwriting process. Circle has been trying to go public for several years and this move marks a big milestone for the company. 

Circle IPO To Go Live Under Ticker ‘CRCL’ 

According to the Tuesday press release, Circle will be listing on the NYSE under the ticker “CRCL.” Circle plans to issue 24 million shares with 9.6 million shares issued by Circle directly. The remaining 14.4 million shares will be issued from existing shareholders. The firm will also give its underwriters a 30-day option to purchase additional 3.6 million. 

“In connection with the offering, Circle is expected to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of Class A common stock to cover over-allotments,” the official announcement read.

Circle is expected to price these shares between $24 and $26 per share. From these shares, Circle’s direct shares could be worth around $250 million. The shares from its stakeholders willing to sell could return around $375 million. This means $625 million on the higher end. 

Major financial institutions, including J.P. Morgan, Citigroup, and Goldman Sachs, are the leading active bookrunners for the offering process. JP Morgan and Citigroup, along with other U.S banks are in talks to create their own joint stable coin. Other firms including Barclays, Deutsche Bank Securities, and Société Générale, are also serving as bookrunners. 

However, Circle’s offering is subject to approval by the U.S Securities and Exchange Commission (SEC). But still, the move marks a major step for the USDC stablecoin issuer. 

Circle’s IPO Filing Dismisses Ripple & Coinbase Sell-off Rumors

Circle has experienced rumors for a potential sell-off to Ripple and Coinbase. Several reports claimed that the organization was pursuing a sell-off to Ripple or Coinbase, behind the doors. Despite the firm’s dismissal of the rumors a week ago, several others believed that the rumors were true. 

However, by filing for the IPO with NYSE, Circle has put up a bold statement against the rumors. Several crypto influencers have reacted to Circle’s IPO filing claiming it puts an end to the rumors. 

“Circle Moves Forward with IPO Plans. Not Selling to Ripple or Coinbase,” Crypto influencer Angelica Saldaña shared on X. Besides Angelica, other influencers have also claimed so. 

For example, crypto influencer Xafi posted; “Circle is moving ahead with its IPO plans to list on the NYSE, signaling no acquisition by Ripple or Coinbase — despite earlier rumors that Ripple might absorb the USDC issuer.” 

Ripple filed for the S-1 form to begin the IPO process with the U.S SEC back in April 2025. However, the firm had announced a delay to the process citing market volatility resulting from the trade tariff war between the U.S and other global economies.