Reuters: Circle secretly submitted IPO application in the U.S

ChainCatcher news, according to Reuters, stablecoin company Circle has stated that it has secretly submitted an IPO application in the U.S. as part of its plan to become a publicly traded company. Circle did not disclose the number of shares it plans to sell or the proposed price range for its new IPO application.

Circle stated that the IPO is expected to take place after the review process by the U.S. Securities and Exchange Commission is completed, but it will depend on market and other conditions.