More than 100 companies are getting ready to list on Nasdaq after filing confidentially with the SEC, Nasdaq’s CEO Adena Friedman told investing publication Barron’s.
If that does come to happen, the IPO drought that the tech industry has suffered for months will draw to a close sooner than later.
The Exchange explores startups, markets and money.
Still we at least know about one company filing confidentially for an IPO: Circle.
We still have a few questions about the company’s finances, but this filing makes us more optimistic about its chances this time around.
USDC stablecoin issuer Circle files confidentially for an IPO Here we go againCircle Internet Financial (Circle) has confidentially filed for a proposed IPO, the company said on Thursday.
Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization on the market, worth about $25.25 billion, according to CoinMarketCap.
The largest stablecoin, Tether, had a market cap of $94.65 billion, at the time of publication.
The number of shares and price range for the proposed IPO is yet to be determined, the company said.
Circle did not immediately respond to queries on how this IPO will be different from its previous SPAC efforts.
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