Not seeing much on the internet about why Circle might be looking to sell instead of going public.

Could be a reason as simple as the share price determined by bankers are just too low or could be around being a public company (increased reporting requirements) that make it hard for them to operate.

thomas

Farcaster Development Boutique @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

Too reliant on Coinbase for USDC distribution (which is why Coinbase gets to extract lots of value from USDC). Investors aren't super convinced it seems.

Prob not a defendable moat with regulatory clarity. So valued less than they’d like. Which means they also agree moat is not defendable and want to sell high.

No inside knowledge, but if true means road show is not going well

The 900M per year they are paying Coinbase was too much? Maybe

Don't think they're getting the $4-5B valuation with bankers so they're looking at private markets/acquirers to give them that valuation