Oh, ho ho! The Stablecoin wizards over at Circle Internet Group have done it again! They’ve just 🙌filed an S-1 registration statement for an initial public offering in the US. Can you believe it? An April 1 🗓️filing with the Securities and Exchange Commission (SEC) has revealed this juicy tidbit.
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. But wait, there’s more! Circle’s prospectus doesn’t give away any secrets about the number of shares to be offered or what the IPO target price will be. Talk about keeping us on our toes!
Now, let’s get down to the nitty-gritty. Circle’s revenue for 2024 was a whopping 💰$1.67 billion, which marks a 16% year-on-year increase. Impressive, right? But hold your horses! Their EBIDTA (Earnings before Interest, Tax, Depreciation, and Amortization) took a nosedive, falling 29% to $284.8 million. 🤔What could this mean?
This story is still unfolding, and we’ll keep you updated as more information rolls in. Stay tuned, dear readers!
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2025-04-02 00:50