Investing.com -- Circle Internet Financial, the issuer of the crypto stablecoin USDC, is making progress with its longstanding plans to publicly list its shares. The fintech company is collaborating with investment banks JPMorgan Chase (NYSE: JPM ) and Citi on its anticipated initial public offering (IPO), according to Fortune, citing two sources knowledgeable about the matter.

The exact timeline for the listing remains uncertain, but the sources indicated that Circle is aiming to publicly submit the necessary paperwork for the offering in late April. Typically, a company’s shares begin trading approximately four weeks after these documents are filed. However, some companies may remain in registration for several months.

This marks Circle’s second attempt to list its shares. In 2021, Circle had agreed to merge with a shell company supported by an investment firm in a SPAC (Special Purpose Acquisition Company) arrangement. SPACs were once a popular alternative route to an IPO but have since lost favor due to heightened regulatory scrutiny.

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