Circle moves forward with IPO plans, targets $5 billion valuation, and also in acquisition talks with Ripple, Coinbase

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MarsBit
05-20
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Mars Finance reports that the USDC issuer Circle is still advancing its IPO plan, with a target valuation of at least $5 billion. Meanwhile, the company is also conducting informal negotiations with Ripple and Coinbase about potential acquisitions. Previously, Ripple had offered $4-5 billion to acquire Circle but was rejected. If the acquisition is successful, Ripple might pay with cash and XRP, while Coinbase could potentially pay with cash and stock. Circle submitted its IPO application on April 1st and later indicated it might delay due to economic uncertainty. (Cointelegraph)

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