Circle IPO further legitimizes crypto before regulators, outsiders
Cointelegraph
Published Jul 16, 2021 10:47AM ET
Updated Jul 18, 2021 01:00PM ET
Amid China’s cryptocurrency crackdown, souring investor sentiment and the United States Federal Reserve chairman blasting stablecoins, there hasn’t been much to cheer about on the crypto front lately, but Circle Internet Financial’s initial public offering announcement in mid-July showed that a crypto startup was still capable of attracting billions of dollars in fresh investments.
Circle’s merger with Concord Acquisition Corp, a special purpose acquisition company, or SPAC, values Circle at $4.5 billion, and the combined entity is expected to debut on the New York Stock Exchange under the ticker CRCL before the end of the year.
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Written By: Cointelegraph
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