Circle: Still has plans for an IPO, expecting to increase staff by 15%-25% this year

ChainCatcher news, Circle's Chief Financial Officer Jeremy Fox-Geen stated that the company had approximately 900 employees by the end of last year and expects to increase by 15% to 25% in 2023, which means adding 135 to 225 employees. Fox-Geen mentioned that the company is "cautiously slowing down growth."

Additionally, Fox-Geen stated that Circle intends to plan for an IPO again, but it may not go public this year. Circle is waiting for better market conditions and needs to wait for the industry to move past the shadows of the TerraUSD and FTX collapses so that public market investors can reassess the future of digital asset businesses. It is reported that Circle terminated its SPAC listing plan last December. (Wall Street Journal)