Circle Internet Group has submitted plans for an Initial Public Offering (IPO) to the US Securities and Exchange Commission.

The company aims to list its Class A common stock on the New York Stock Exchange under the ticker symbol “CRCL.”

Circle is a global financial technology firm best known for issuing USD Coin (USDC), a stablecoin pegged to the U.S. dollar.

According to the filing, both Circle and certain existing shareholders plan to sell shares in the offering.

The company will not receive proceeds from shares sold by existing stockholders.

The number of shares and the price range have not yet been disclosed.

Circle stated in the filing that proceeds from the IPO will be used for general corporate purposes, which may include working capital, operating expenses, and capital expenditures.

The underwriters for the offering include J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, and Société Générale.

According to reports from Cointelegraph and Renaissance Capital, Circle generated US$1.67 billion in revenue in 2024, a 16% increase from the previous year. Net income fell 41.8% to US$155.6 million.

Circle is also relocating its headquarters from Boston to New York City, with plans to move into One World Trade Center in early 2025.

The company told media outlets that the move is part of its preparations for the public listing.

Shares are expected to be delivered in 2025, pending regulatory approvals and market conditions.

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