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Circle has announced that it is freezing its initial public offering (IPO) plans due to the recent market turmoil sparked by US President Donald Trump’s tariffs. The news comes as a shock to investors and analysts alike, who had been eagerly anticipating Circle’s listing on the stock market.
The move is not unique to Circle, however. Other companies like Klarna and StubHub have also delayed their IPOs in response to the unpredictable trading conditions. It seems that no company wants to risk entering the market during a time of such uncertainty.
This development marks a significant shift for Circle, which had previously filed confidentially with the US Securities and Exchange Commission (SEC) and was preparing to start investor meetings.
The company’s plans were already under scrutiny due to its role as the issuer of USDC, a stablecoin that relies on public trust and regulatory clarity. The Trump trade war has now added a new layer of complexity to Circle’s IPO timing.
Circle’s decision to freeze its IPO plans highlights the significant impact that the current global situation has on businesses with international exposure.
Source: https://coinchapter.com/circle-freezes-ipo-plans-after-trump-tariffs-spark-market-turmoil/?utm_source=rss&utm_medium=rss&utm_campaign=circle-freezes-ipo-plans-after-trump-tariffs-spark-market-turmoil
