According to Ripple Labs, Ripple Labs, the company, RipleCoin Circle Internet Group, for an estimated $ 4 billion to $ 5 billion. However, this initial offer was rejected by Circle as very low.
A circle that responds to the interest of Ripple
According to Bloomberg a reportRipple is still interested in the circle but has not yet decided to make a revised offer. A Circle spokesman responded to inquiries about the potential acquisition by saying, “We are not commenting on the market rumors.”
They added that because of the “calm period” that continues with the US Securities and Stock Exchange Committee (SEC), there will be no more details about their financial plans for companies. Long -term targets, however, have not changed.
This interest comes from Ripple in the wake of his acquisition of Road Hidden Road, which is the multi -asset Prime Prime Mediation CompanyFor $ 1.25 billion. This strategic step aims to enhance Ripple capabilities in the Stablecoin Market, which has gained strength in increasing demand for digital assets that maintain a stable value.
Try to kick the second to the public
Circle, known as the Usdc Stablecoin version, has seen market evaluation fluctuations. Last year, Circle was said to be between $ 5 billion and $ 5.25 billion in secondary market deals, a significant decrease from the 9 billion dollars evaluation that was achieved in early 2022 during an unsuccessful attempt by the public by integrating SPAC with Concord Custom Corp.
Recently, Circle has made a S-1 registration statement with SEC as it is preparing for a long-awaited primary general (IPO). Reports indicate that Circle aims to achieve an evaluation between 4 billion dollars to 5 billion dollars through this Public partyIt is expected to be presented by the end of April.
Although the exact time for public subscription is still uncertain, companies that submit public subscription files generally begin to trade stocks after about four weeks, although some may remain in registration for several months.
These signs are a circle The second attempt by the public. The company previously announced plans to integrate Spac in 2021, but organizational issues arose when SEC does not agree to the proposed deal, which leads to multiple extensions.
If it succeeds, the public subscription can represent the largest general offer linked to the cryptocurrency since Coinbase was published in 2021 through a direct list. It is worth noting that the financial giants JPMorgan and Citi served as consultants during the Coinbase.
The current political scene may prefer the aspirations of Surke. Recent developments in Stablecoin legislation In Congress can provide a bullish signal to the company. The Senate Banking Committee has advanced with a bill, and the House of Representatives is expected to vote on its copy soon.
Moreover, the supportive feelings of Carbuto suggest that President Donald Trump, who expressed their desire to sign Stablecoin legislation by August, suggests possible organizational support for the industry.
To write these lines, the distinctive Ripple is associated, XRP, trading at $ 2.20, and a 6 % increase in the timetable for fourteen days.
Distinctive image from Dall-E, Chart from TradingView.com
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