Can you Buy Circle Stocks?
No, Circle, the organization behind the USDC stablecoin, is not a publicly traded entity, implying that its tokens or shares cannot be bought by the general populace. Circle is a finance technology firm co-founded by Jeremy Allaire and Sean Neville in 2013. The company's primary focus lies in developing a dependable and secure platform for issuing and transacting in USDC.
Will Circle IPO?
Circle has yet to announce a definitive IPO date, but it has incited substantial curiosity within the fintech and blockchain industry. This is largely because of Circle's pioneering work in issuing and managing the USDC stablecoin, as well as its audacious goals to foster financial inclusion and transform the global economic system.
Despite this sector-wide anticipation, Circle has opted to stay privately funded for the time being, possibly contemplating an Initial Public Offering (IPO) in the future. This strategy allows the company to concentrate on its technological and financial goals without the additional pressure from public shareholders.
What is Circles Stock Valuation?
As a privately-held entity, Circle doesn't have a publicly listed stock price. However, its value can be inferred from investment activities. During the funding round on April 12, 2022, Circle successfully garnered $400 million, bringing the company's valuation to a staggering $7.7 billion. This valuation positions Circle as one of the heavyweights in the crypto landscape, trailing behind Coinbase, which holds a formidable valuation of $13 billion.
Who Owns Circle?
Circle Internet Financial Ltd., known for its involvement with the USDC stablecoin, was founded by Jeremy Allaire and Sean Neville in 2013. The ownership of Circle would be distributed among the founders, early employees, and private investors who have provided capital through various funding rounds.
Circle has also received investments from several venture capital firms over the years, including Tiger Global, Breyer Capital, General Catalyst, Accel, Digital Currency Group, and Pantera, among others. These investors would also have ownership stakes in the company.
The Bottom Line
In conclusion, Circle, the financial technology company renowned for issuing the USDC stablecoin, remains a private entity, and its stocks are currently not available for public purchase. Although an IPO is speculated within industry circles, there's no confirmed timeline for this event. The company, co-founded by Jeremy Allaire and Sean Neville, is highly valued in the cryptocurrency domain, with an estimated worth of $7.7 billion as of the latest funding round in April 2022. Circle's ownership is dispersed among its founders, early employees, and several major venture capital firms. As the company navigates its way in the evolving crypto landscape, potential investors will undoubtedly keep a watchful eye on its progression.