Circle officially files for Initial Public Offering with SEC

Stablecoin issuer Circle Internet Group has filed an S-1 registration statement for an initial public offering in the US, an April 1 filing with the Securities and Exchange Commission shows.The USD Coin (USDC) issuer is planning to list its Class A common stock on the New York Stock Exchange under the symbol CRCL, the filing shows.Circles prospectus does not detail the number of shares to be offered or what the IPO target price will be.The IPO filing also showed that Circle brought in $1.67 billion in revenue for 2024 marking a 16% year-on-year increase while its EBIDTA (Earnings before Interest, Tax, Depreciation, and Amortization) fell 29% to $284.8 million.Circles financials over the last three years ended Dec. 31. Source: SECThis is a developing story, and further information will be added as it becomes available.