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7/9/2021 1:51:15 AM GMT
Cryptocurrency firm Circle announced that it will merge with blank cheque company Concord Acquisition Group to be listed on the New York Stock Exchange.
A new external company is to acquire both the stablecoin firm and the SPAC for the listing.
Circle’s capital would reach roughly $1.1 billion through funding rounds and the IPO.
Stablecoin firm Circle will go public through a merger with Concord Acquisition Corp, with a valuation of over $4 billion.
Another crypto firm goes public
Circle, the principal operator of one of the world’s most popular stablecoins, USDC, has revealed that it has plans to become a public company. Through its merger with Concord Acquisition Corp, a SPAC, the deal would value the fintech firm at $4.5 billion.
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