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Circle IPO Aims for $10B Valuation, After Rejecting Ripple’s $5B Offer
Ripple’s much-awaited $5 billion bid to acquire Circle has reportedly been turned down, and legal expert John E. Deaton believes it’s because Circle sees a much larger opportunity ahead. According to Deaton, Circle is now focused on its upcoming IPO, expecting a potential valuation close to $10 billion, especially with favorable regulatory shifts and rising institutional interest in crypto.