Tue, June 18, 2024 at 17:14

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some interesting news about Circle Internet Financial Ltd.

  • They are planning to go public in the United States via an IPO.

  • 
• Annie

  • Oh, really?

  • That's exciting!😊 What steps are they taking to prepare for this?

  
• 

  Kang-hoon

  • Yes, indeed.

  • Circle has been ramping up its hiring efforts significantly.

  • Within the first half of 2024, they increased their employee headcount by 15%, which translates to 137 new positions filled.

• Annie

  • Wow, that's quite a boost!

  • What kind of positions are they filling?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • They are looking to fill positions across various teams, including business development, engineering, and marketing.

  • They still have about 140 more positions to fill.

• Annie

  • That's a lot of hiring!

  • Who are some of the new executives they've brought on board?

  
• 

  Kang-hoon

  • Some notable new hires include Tamara Schulz as Chief Accounting Officer and Pierre Carras as Business Development Director for Exchanges.

  • Both started in May.

• Annie

  • Interesting!

  • And what about Sterling Barnett?

  • I heard he joined recently too.

  
• 

  Kang-hoon

  • Yes, Sterling Barnett joined in April as the Director of Business Development.

  • He is responsible for leading North American and European exchange partnerships for Circle.

• Annie

  • It sounds like they are really gearing up for their IPO.

  • Have they tried to go public before?

  
• 

  Kang-hoon

  • Indeed, they have.

  • Circle previously attempted to go public through a Special-Purpose Acquisition Company (SPAC) in 2022, but the deal, valued at $9 billion, was terminated in December 2022 due to delays from the SEC.

• Annie

  • That's unfortunate.

  • So, when did they reapply for the IPO?

  
• 

  Kang-hoon

  • They began making plans again in Q4 2023 and officially filed for an IPO in January 2024.

  • However, the SEC has not yet completed its review process.

• Annie

  • I see.

  • Do we know how many shares they plan to sell or the price range for the IPO?

  
• 

  Kang-hoon

  • No specific details regarding the number of shares or the proposed price range have been revealed to the public yet.

• Annie

  • Got it.

  • So, what does this mean for Circle and the market?

  • Is this good news?

  
• 

  Kang-hoon

  • Yes, I believe this is good news.

  • Circle's determination to go public, despite previous setbacks, shows their commitment and resilience.

  • 

  • This could boost investor confidence and potentially lead to a positive impact on the market.

• Annie

  • That's reassuring to hear.

  • Thank you for the detailed explanation, Kang-hoon!😊

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • Always happy to provide insights.

  • Have a great day!

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.