Be ready for the Circle Internet Financial IPO
Circle Internet Financial, the issuer of the USDC stablecoin, confidentially filed for a U.S. initial public offering (IPO) in January 2024. Start your analysis today with Daloopa.
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Circle Internet Financial IPO Schedule
Filing Date
On January 11, 2024, Circle confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), indicating its intent to go public.Â
Roadshow Dates
As of now, specific roadshow dates have not been publicly disclosed. These events typically occur in the weeks leading up to the IPO to attract potential investors.
Pricing Date
The final IPO price is expected to be determined shortly before the listing date, following the completion of the roadshow and investor consultations.
Listing Date
While an exact listing date has not been officially confirmed, reports suggest that Circle aims to go public in the first half of 2025.Â
Closing Date
The IPO offering period is anticipated to close shortly after the listing date, once all allotted shares have been sold and transactions settled.
Additional Information
Underwriters
As of now, Circle has not publicly disclosed the underwriters for its IPO.
Use of Proceeds
While specific allocations have not been publicly detailed, it is expected that the funds raised from the IPO will be utilized to:
- Expand product offerings
- Enhance technological infrastructure
- Support regulatory compliance efforts
- Pursue strategic acquisitions
Major Shareholders
Key stakeholders include Jeremy Allaire and Sean Neville, with investors like BlackRock and Fidelity Management & Research
Valuation
In February 2022, Circle was valued at $9 billion following a revised agreement with Concord Acquisition Corp. However, the proposed business combination was mutually terminated in December 2022. Current valuation estimates are not publicly available.
Oversubscription
Information regarding potential oversubscription of Circle’s IPO will become available closer to the offering date, based on investor demand during the roadshow.
Circle Internet Financial Valuation & Financials
Valuation Metrics
Pre-IPO Valuation
As of February 2022, Circle was valued at $9 billion. Updated valuation metrics will be available upon the completion of the IPO.
Price-to-Earnings (P/E) Ratio
Specific P/E ratio information is not available, as Circle remains a privately held company.
Enterprise Value
The enterprise value will be determined based on the IPO valuation and capital structure at the time of listing.
Financial Statements
Revenue
Detailed revenue figures are not publicly disclosed. Circle’s revenue is primarily derived from transaction fees, interest income, and platform services.
Net Income
Specific net income figures are not available. The company has been investing heavily in growth and compliance initiatives.
Cash Flow and EBITDA
Detailed information on cash flow and EBITDA is not publicly available.
Circle Internet Financial IPO Prospectus
Link to SEC Filings
As Circle has confidentially submitted its draft registration statement, the S-1 filing is not yet publicly accessible. Upon public filing, it will be available on the SEC’s EDGAR system.
Summary of Prospectus Key Points
- IPO Date: Expected in the first half of 2025
- Ticker Symbol: To be determined
- Share Price: To be determined
- Valuation: To be determined
- Use of Proceeds: Expansion of product offerings, technological infrastructure, regulatory compliance, and potential acquisitions
Circle Internet Financial Market Cap
Circle’s market capitalization will be determined upon the completion of the IPO and commencement of public trading.
Circle Internet Financial Stock Price
As a privately held company, Circle does not have a publicly traded stock price. Post-IPO stock performance will be monitored upon listing.
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