US Edition
Circle pursues IPO—but talks with Coinbase and Ripple could mean a sale, sources say
- The issuer of USDC, Circle, is holding unofficial discussions about a possible acquisition by either Coinbase or Ripple while continuing to plan for its IPO scheduled in 2025.
- These discussions follow Ripple's rejected $4-5 billion offer and Circle's intent to achieve at least a $5 billion valuation amid ongoing IPO preparations.
- Circle and Coinbase share deep operational ties, including joint governance of USDC and revenue arrangements, making Coinbase a strategic buyer candidate.
- Coinbase CEO Brian Armstrong said the company is actively seeking acquisitions but confirmed "nothing to announce," while a source claimed Circle would "sell in a heartbeat" if Coinbase offered.
- Circle continues to pursue an IPO, though its ultimate choice may be influenced by prevailing market dynamics and the potential advantages of a sale to Coinbase or Ripple.
22 Articles
22 Articles
Circle plans IPO but talks with Ripple, Coinbase could lead to sale: Report - Invest In Crypto News
Update (May 20 at 3:09 pm UTC): This article has been updated to include comments from Circle. Circle, the issuer of stablecoin USDC (USDC), is still planning an initial public offering (IPO), but the company is also in informal talks with Ripple and Coinbase about a sale, according to a report from Fortune. In an email to Cointelegraph, Circle denied the rumors. According to the report, Circle is seeking a $5 billion target for the IPO, four ba…
Circle Targets $5B IPO Amid Silent Acquisition Moves by Coinbase, Ripple
Circle, the stablecoin issuer behind USDC, is actively pursuing a public listing while also exploring acquisition interest. The company remains committed to its IPO, but informal talks with Coinbase and Ripple have begun. This dual-track approach reflects shifting priorities as Circle targets a $5 billion valuation. Coinbase Positioned as Lead Contender Circle has submitted its initial public offering papers to the SEC, hoping to go public by th…
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https://mo.biJournalists Learn About Circle's Possible Refusal of IPO and Sale of Business for $5 Billion
Circle's IPO may not happen because the USDC issuer is in talks with Coinbase and Ripple to sell the business for at least $5 billion, Fortune reports, citing informed sources. The talks are taking place as the company prepares to enter the stock market. In early May, the media...
Uncertain Future: Circle Weighs Crucial IPO Decision Against Potential Coinbase Or Ripple Sale
BitcoinWorld Uncertain Future: Circle Weighs Crucial IPO Decision Against Potential Coinbase or Ripple Sale The world of cryptocurrency is always buzzing with significant developments, and the latest news surrounding Circle, the company behind the popular stablecoin USDC, is certainly grabbing headlines. As a major USDC issuer, Circle’s strategic moves have wide-ranging implications for the stablecoin market and the broader crypto ecosystem. For…
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