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Circle IPO

Published by: Antonio Alagna
December 9, 2022 12:00 am

Circle is a financial services company that started out as a platform for Bitcoin payments. Soon after, the company started to handle cryptocurrency exchanges and issued its own stablecoin, USDC. With the increasing popularity of the USDC, Circle IPO is highly anticipated.

Circle was planning to go public via a special purpose acquisition company (SPAC) with Concord Acquisition Corp. However, they pushed the date back for allegedly uncontrollable reasons.

Below, you’ll find what you need to know about Circle IPO.

About Circle IPO

In 2013, Sean Neville and Jeremy Allaire founded the blockchain financial company, Circle. By issuing its USDC stablecoin, the company has become a significant asset to the crypto market.

By 2019, Circle started to scale back and focus more on its USDC stablecoin. Thus, after its huge funding round in 2021 with $440 million, the company began to raise speculations about its IPO. This led Circle to announce its intention to file for an IPO through a SPAC merger.

A SPAC listing is a bit different from an ordinary IPO listing. That’s because the process forces the acquiring blank-check company to go public before the other company follows.

Now, the company intends to go public through an updated SPAC agreement with Concord Acquisition Corp. Plus, Circle also hopes to become a chartered national bank.

Here are a few insights about Circle IPO:

Listing Date

Jeremy Allaire, CEO and co-founder, declared that Circle was ready for listing as a public company at the beginning of 2022. However, he further clarified that the Securities and Exchange Commission (SEC) is taking longer than expected to issue the necessary approvals.


Circle’s initial SPAC agreement with Concord Acquisition Corp. in July 2021 valued the company at $4.5 billion. Nevertheless, it seems that the company wasn’t satisfied with this deal, which led to its early termination.

After ending its previous agreement, Circle is reconsidering a new merger deal that would lead it to go public with a valuation of $9 billion.

Expected Share Price

Unlike traditional IPOs, SPAC IPO share prices aren’t based on the business’s valuation. Typically, SPACs units are priced at, nominally, $10 each.

That said, till this moment, Circle hasn’t declared its IPO share prices

Although Circle faced major net losses of about $178.6 million in 2019, by 2020, it reported a promising net income of $3.79 million.

Through 11 funding rounds, Circle has raised over $1.1 billion. This included investments from Fidelity, BlackRock, Fin Capital, and Marshall Wace.

Here’s a table of Circle’s funding rounds:

Transaction Name


Amount of Money Raised

Series A

Oct 31, 2013


Series B

Mar 26, 2014


Series C

Apr 30, 2015


Series D

May 13, 2016


Series E

May 15, 2018


Venture Round

Jun 21, 2018

Secondary Market

Aug 30, 2018

Venture Round

Jul 30, 2020


Venture Round

May 29, 2021


Series A

Aug 21, 2021

Private Equity Round

Apr 12, 2022



Circle is taking steady steps towards accomplishing a breakthrough by linking digital currencies with traditional banking systems. That’s only in case regulators approve its proposed banking charter.

With Circle IPO expectations, the company surely is on its path to success. It’s planning to go public by the end of the year, and it’s absolutely something to get excited about.

The information in this article is well-researched and factual but it contains opinions also and IT IS NOT FINANCIAL ADVICE and should not be interpreted as such, do not make any financial decisions based on the information in this article, we are not financial advisors we are journalists. It is recommended that you always consult with a professional before making any investment decisions.

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The information provided in this article is for information purposes only. This article and its content are not, and should not be deemed to be an invitation to engage in any financial activity. This article should not be construed as advice or a personal recommendation. We are not authorised and regulated by any Financial Authority. The content of this article is not authorised by any financial authority. Reliance on this promotion for the purpose of engaging in any financial activity may expose an individual to a significant risk of losing all of the funds.

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