Circle Internet Financial, issuer of crypto stablecoin USDC, filed paperwork to go forward with a long-awaited initial public offering, Luisa Beltran of Fortune reports. There is a chance Circle’s IPO won’t come to fruition since the company has taken part of informal talks to sell itself to Coinbase (COIN) Global or Ripple, four banking and private equity executives told Fortune. In its negotiations to be sold, Circle is seeking at least $5B, which is the valuations its targeting for its IPO.
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