Circle considers IPO or selling for $5 billion to Ripple or Coinbase

2025-05-20 08:47:04

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ChainCatcher news, according to Cointelegraph, USDC stablecoin issuer Circle is planning to conduct an initial public offering (IPO) while also engaging in informal negotiations with Ripple and Coinbase regarding potential acquisition deals. Fortune reports that Circle is seeking a valuation of at least $5 billion, which aligns with its IPO target.

It is reported that Ripple previously made an acquisition offer of $4 billion to $5 billion on April 30, but Circle rejected it, considering the valuation too low. If the acquisition is completed, Ripple would pay in cash and XRP, while Coinbase might use cash and stock. Coinbase has had a partnership with Circle since 2018, co-founding the Centre Consortium to establish stablecoin standards. Circle originally planned to complete the IPO by April 2024, but it may be delayed due to economic uncertainty.

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