Circle Internet Financial, the issuer of USDC StableCecoin, has reportedly hired investment banker JPMorgan Chase and CITI as insurance companies for a hoped IPO, reported Fortune.

While the timing has not yet been fully decided, the sources say that Circle will publicly submit its prospectus at the end of April, which means a potential stock exchange listing perhaps before June.

The company had previously submitted confidential papers to the US Securities and Exchange Commission (SEC) in January 2024.

Circle in 2021 had tried to publish via a SPAC fusion in 2021, but this attempt was first derailed by an indispensable SEC and then by the crypto breakdown in 2022. It ultimately drew the SPAC agreement at the end of 2022.

According to people who know the case talking to Fortune, Circle is looking for a valuation of $ 4 billion to $ 5 billion.

Coindesk reported in July that the company was appreciated at approx. $ 5 billion in private secondary markets.