Stablecoin firm Circle mulls IPO delay amid economic uncertainty — Report
Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, is reportedly mulling a delay of its initial public offering (IPO) plans amid the macroeconomic uncertainty created by the Trump administration’s trade policies. According to The Wall Street Journal, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” and joins a growing list of companies considering IPO delays, including fintech company Klarna and ticketing firm StubHub.On April 1, Circle filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) to take the company public in an IPO originally slated for April 2025.Circle’s S-1 form for an IPO. Source: SECThe stablecoin firm is planning to sell shares of the company under the ticker symbol “CRCL,” but Circle’s prospectus materials have not yet outlined details of the number of shares offered or the initial stock price.Circle delaying its IPO comes amid turmoil in the stock market as trillions in shareholder value dissipated following US President Donald Trump’s April 2 announcement of sweeping trade tariffs and investor fears that a protracted trade war could cause a global recession.Related: Trump ‘Liberation Day’ tariffs create chaos in markets, recession concerns
Post from: Cointelegraph.com News
Tags: