A stablecoin issuer has submitted an S-1 registration statement for an initial public offering in the United States, as indicated by an April 1 filing with the Securities and Exchange Commission.
The issuer of USD Coin (USDC) intends to list its Class A common stock on the New York Stock Exchange, using the ticker symbol “CRCL,” according to the filing.
The prospectus does not provide specifics regarding the number of shares available for purchase or the anticipated target price for the IPO.
The filing also revealed that the company generated $1.67 billion in revenue for 2024, representing a 16% increase compared to the previous year, though its EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) declined by 29%, totaling $284.8 million.
Financial performance of the company over the past three years, ending December 31.
This is an evolving situation, and more information will be provided as it becomes available.