Circle's $1.68B revenue drives its IPO file, as stablecoins get US government endorsement. SEC approval is presently pending.
Despite lower gross margins, Circle has strong cash flow from operations and a high marketing efficiency multiple of 13.0x.
The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.
Circle Internet Financial, the company behind stablecoin USD Coin (USDC), has filed for an initial public offering (IPO) with ...