Legal expert John E. Deaton recently shed light on Circle’s strategic decision to decline a $5 billion acquisition offer from Ripple—signaling the stablecoin issuer’s higher valuation expectations as it prepares to go public.
On April 1, 2025, Circle filed its S-1 registration with the U.S. Securities and Exchange Commission (SEC), confirming its intent to list on the New York Stock Exchange under the ticker “CRCL.” The IPO, backed by leading underwriters JPMorgan Chase and Citigroup, is expected this summer. Circle is targeting a $4 billion to $5 billion valuation.
Ripple’s $5B offer was reportedly turned down—an indication that Circle expects its post-IPO valuation to exceed the proposed deal. This confidence stems from a belief that market dynamics have improved since its failed 2022 SPAC deal, which had valued the firm at $9 billion.
Favorable Regulatory Climate May Boost Valuation
According to Deaton, the timing is critical. The current administration’s pro-crypto stance and the likely passage of the STABLE GENIUS Act create an ideal environment for Circle’s IPO. These tailwinds could push Circle’s value closer to $10 billion, making the rejection of Ripple’s offer appear more strategic than risky.
In short, Circle’s move suggests it sees itself not just as a top stablecoin issuer but as a future crypto infrastructure giant, positioning for long-term growth under regulatory clarity.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/circle-rejects-5b-ripple-offer-eyes-bigger-valuation-with-ipo-ambitions/