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@ CNBC U.S. - by layer3.news
2025-05-27 22:23:32
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✍️ Circle, a stablecoin issuer, is set to go public in the US, with a unique IPO structure where existing shareholders will sell more shares than the company itself.
👉 Circle's IPO will be one of the first significant cryptocurrency companies to go public in the US
👉 Existing shareholders will sell 14.4 million shares, while the company will sell 9.6 million shares
👉 Circle is profitable, having generated $64.8 million in net income in the latest quarter
👉 Venture capital firms are desperate for liquidity due to the extended stretch of meager returns
👉 Circle's IPO may be a sign of a shift in the market, with more companies seeking to go public
#JeremyAllaire #LiseBuyer #SeanNeville #JeremyFox-Green #NewYork #SiliconValley #business
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