Circle Internet Financial’s privately held stock is trading between $5 billion and $5.25 billion in the secondary market, reflecting strong investor confidence as the company prepares to go public.
Points
- Circle’s privately held stock is valued between $5 billion and $5.25 billion in the secondary market.
- The stock is traded in limited circumstances, likely by early-stage investors or employees.
- Circle submitted an S-1 form to the SEC to take its equity services public.
- Circle previously attempted to go public in 2021 through a merger with Concord Acquisition Corp.
Circle Internet Financial, the issuer of the USDC stablecoin, is seeing its privately held stock trade between $5 billion and $5.25 billion in the secondary market. This valuation, reported by CoinDesk and citing several sources familiar with the matter, underscores the strong investor confidence in Circle as it prepares for its public debut.
The stock is traded in limited circumstances, likely involving early-stage investors or Circle employees cashing in their options before the company’s anticipated public offering. Circle had previously submitted a confidential S-1 form to the Securities and Exchange Commission （SEC） in January, signaling its intent to go public.
Circle’s previous attempt to go public was in July 2021, when it announced plans to merge with Concord Acquisition Corp., a special purpose acquisition company （SPAC）, in a deal valued at $4.5 billion. However, the initial deal was terminated, and new terms were penned with Concord by February 2022, valuing Circle at $9 billion.
Circle is a major player in the stablecoin market, issuing the USD-pegged USDC, which maintains nearly 21% of the total stablecoin supply. As of now, USDC has a market capitalization of $33.6 billion and a 24-hour trading volume of $6.6 billion.
The high valuation of Circle’s private stock reflects the company’s significant role in the cryptocurrency market and its potential for future growth. The move to go public is expected to enhance its visibility and access to capital, further solidifying its position in the digital finance ecosystem.
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解説
- Circle’s privately held stock trading at a high valuation indicates strong investor confidence in the company.
- The limited trading of Circle’s stock is likely by early-stage investors or employees, reflecting anticipation of the company’s public offering.
- Circle’s previous attempts to go public and its significant role in the stablecoin market highlight its prominence in the cryptocurrency sector.
- The company’s plans to go public are expected to enhance its market presence and access to capital, supporting its future growth.
- Investors should monitor Circle’s progress towards its public offering, as it could present new opportunities in the digital finance landscape.