Market News
Stablecoin giant Circle reveals revenue growth in US IPO filing - REUTERS
April 2 (Reuters) - Circle Internet Group, the company behind the USDC stablecoin, filed for an initial public offering on Tuesday after markets closed, as it prepares to list its shares on the New York Stock Exchange.
The IPO market is currently in a delicate place, as investors look to balance demand for new listings against risks posed by economic uncertainty, such as tariffs.
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Circle reported it earned $1.68 billion in revenue and reserve income last year, compared with $1.45 billion a year earlier. Net income from continuing operations was nearly $157 million in 2024 versus $271.5 million in the previous year.
