#CircleIPO

Circle requests IPO and reports revenue growth of 15.9% year over year

Investing.com

Edition

Senad Karaahmetovic

Published 02.04.2025, 08:07

Circle Internet Group, the company behind the USDC stablecoin, has requested an initial public offering (IPO). The request was made after the markets closed on Tuesday, and the company plans to list its shares on the New York Stock Exchange (NYSE).

The IPO landscape is currently unstable, with investors trying to balance the demand for new listings and the risks associated with economic uncertainties, such as tariffs.

In its financial report, Circle revealed that it generated US$ 1.68 billion in revenue and reserve income in 2024, an increase from US$ 1.45 billion the previous year, representing a growth of 15.9% year over year.

The company's net income from continuing operations was approximately US$ 157 million in 2024, down from US$ 271.5 million the previous year.