Circle plans to go public, has hired JPMorgan Chase and Citigroup, and is expected to publicly submit IPO documents by the end of April

Reported on March 31 that according to Fortune , USDC issuer Circle is advancing its initial public offering (IPO) plan and has hired JPMorgan Chase and Citi to assist in the listing process. Circle expects to publicly submit IPO documents to the U.S. Securities and Exchange Commission (SEC) at the end of April 2025. This IPO will be the largest cryptocurrency-related IPO since Coinbase went public in 2021, and Circle’s target valuation is between $4 billion and $5 billion .