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Circle, the USDC issuer, is gearing up for a public debut by hiring JPMorgan and Citi to lead its IPO, Fortune reports.
What’s the Scoop?
- Leading Underwriters:
Circle has reportedly enlisted JPMorgan Chase and Citi as underwriters for its anticipated IPO.
- Target Valuation: The USDC issuer is aiming for a valuation between $4 billion and $5 billion.
- Renewed Push: This marks Circle's second attempt to go public after a failed SPAC merger attempt in 2021.