Circle’s S-1 shows that 60% of the 24M shares being sold in its IPO come from existing stakeholders rather than the company, a highly unusual move in a tech IPO (Jordan Novet/CNBC)
Jordan Novet / CNBC:
Circle’s S-1 shows that 60% of the 24M shares being sold in its IPO come from existing stakeholders rather than the company, a highly unusual move in a tech IPO — Stablecoin issuer Circle stands to be one of the…