IPO - Circle Internet Finance Public Ltd Co

Form Type: S-1

Filing Date: 2025-04-01

Corporate Action: Ipo

Type: New

Accession Number: 000119312525070481

Filing Summary: Circle Internet Group, Inc. is registering its initial public offering (IPO) of Class A common stock, anticipating a public market debut under the symbol 'CRCL' on the NYSE. The registration statement indicates an offering of unspecified shares, with the proposed price range yet to be determined. The company will not receive proceeds from shares sold by selling stockholders. Circle has completed a scheme of arrangement resulting in it becoming the parent company of Circle Internet Financial Limited, and it is positioned as a non-accelerated filer. The document emphasizes Circle's mission to enhance global economic prosperity through the frictionless exchange of value, highlighting its digital dollar, USDC, which is fully backed and widely used in financial transactions. Circle's business has shown significant revenues and growth, with reported revenues increasing from $15.4 million in 2020 to $1.7 billion in 2024, demonstrating resilience amidst market challenges. The company emphasizes compliance and regulatory engagement as key components of its strategy to integrate digital currencies into the broader financial system, reflecting a commitment to transparency and long-term growth prospects.

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Form Type: DRS/A

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000095012325001965

Filing Summary: Circle Internet Group, Inc. filed a draft registration statement confidentially with the SEC for an initial public offering (IPO) of its common stock. The document outlines the company's transition following an Irish High Court-approved scheme on July 1, 2024, that made Circle Internet Financial Limited a wholly owned subsidiary of Circle Internet Group, Inc. The company intends to offer shares to the public as soon as practicable after the registration statement becomes effective, detailing an IPO price expected between certain unspecified values. The filing emphasizes the transformation of Circle into a public entity as a critical step in establishing transparency and accountability in its operations. With significant revenue growth from $15.4 million in 2020 to an anticipated $1.5 billion in 2023, Circle aims to position itself as a leader in the evolving financial technology sector. The prospectus highlights Circle's extensive engagement with regulators and commitment to compliance as fundamental to its strategy, as well as its mission to leverage digital currencies and blockchain for enhancing global economic prosperity.

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Form Type: DRS/A

Filing Date: 2024-12-03

Corporate Action: Ipo

Type: New

Accession Number: 000095012324012158

Filing Summary: On December 3, 2024, Circle Internet Group, Inc. submitted a draft registration statement as a confidential filing to the SEC under sec. 1933. The document sets forth information about Circle Internet Group's upcoming initial public offering (IPO) of common stock. The company recently completed a scheme of arrangement on July 1, 2024, which resulted in Circle Internet Financial Limited becoming a wholly owned subsidiary of Circle Internet Group. The filing indicates that as an emerging growth company, they will utilize reduced disclosure obligations, and historical financials will be provided in future amendments, highlighting the financial stability of their USDC stablecoin ecosystem. The underwriting details, expected price range for the common stock, and the public listing on an exchange have yet to be finalized. The company aims to enhance transparency and accountability by going public, emphasizing its regulatory compliance and innovative technology in the financial services sector.

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Form Type: DRS/A

Filing Date: 2024-08-06

Corporate Action: Ipo

Type: New

Accession Number: 000095012324007245

Filing Summary: Circle Internet Group, Inc. is filing a draft registration statement for an initial public offering (IPO) under the Securities Act of 1933. This filing is crucial as it follows the completion of an Irish High Court-approved scheme of arrangement on July 1, 2024, whereby shares from Circle Internet Financial Limited were cancelled and exchanged for equivalent shares in Circle Internet Group, Inc. Following this transaction, Circle Internet Financial Limited became a wholly owned subsidiary of Circle Internet Group, Inc. The registration statement includes initiatives such as omitting traditional financial statements for the quarter ending March 31, 2024, which are not anticipated to be necessary in the final prospectus. Circle’s management emphasizes the importance of this IPO in relation to the company's aim to operate with transparency and accountability as a public entity. The prospectus provides an overview of the planned offering, the potential price range for shares, and highlights future amendments to include financial documents necessary for compliance. There are plans to list under the symbol 'CRCL' on a major exchange. The document also outlines the company's existing market presence, product developments, and strategic vision in the evolving financial technology landscape, asserting confidence in resilience and growth despite challenges faced previously with liquidity and market conditions.

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Form Type: DRS/A

Filing Date: 2024-04-12

Corporate Action: Ipo

Type: New

Accession Number: 000095012324003285

Filing Summary: Circle Internet Financial Ltd is conducting an initial public offering (IPO) to transition from a private entity to a publicly traded corporation under the new name Circle Internet Group, Inc. This change follows a strategic redomiciliation from Ireland to Delaware. The company is offering shares of common stock, and the registration statement indicates that it will list its common stock on an unnamed exchange under the symbol 'CRCL'. The document reveals that prior to its public listing, there will be no public trading market for its common stock. The expected initial public offering price is yet to be determined, with indications that the company has a strong operational and financial background, showcasing significant revenue growth from $15.4 million in 2020 to $1.5 billion in 2023. The company also highlights challenges it has faced, particularly regarding its stablecoin, USDC, which has seen fluctuations in circulation and interest rates but remains a vital part of its financial infrastructure. Circle aims to build transparency, accountability, and a regulatory-compliant platform as it enters public markets, reinforcing its commitment to enhancing global economic prosperity through innovative financial solutions.

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Form Type: DRS

Filing Date: 2023-12-13

Corporate Action: Ipo

Type: New

Accession Number: 000095012323011178

Filing Summary: Circle Internet Financial Ltd is embarking on an initial public offering (IPO) by registering shares of common stock with the SEC. This move aims to increase global economic prosperity through the frictionless exchange of value. The company plans to change its domicile from the Republic of Ireland to the State of Delaware and has a vision to develop a new internet financial system built on open protocols. The registration statement reflects this strategy, indicating a shift towards a public corporation to enhance transparency and accountability. The IPO will enable public investment, supporting the company's long-term vision to create an internet financial system while adhering to regulatory requirements. Circle's financial growth has stepped significantly, with projections indicating substantial revenues and investments in technology development for future innovations. The company is recognized for its role in the cryptocurrency space, particularly through its USDC stablecoin, which has experienced considerable transactional volume.

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