Circle Rejected Ripple Takeover Bid of $4-5B

Circle IPO update:

At a rumored $4–6B equity valuation (minus the $700M cash for EV), Circle trades at:

10.4–16.8× adj. EBITDA (includes $50M+ stock comp)

25.6–38.5× P/E

2.4–3.5× sales

Cheaper than most fintech peers on sales. Not cheap on earnings. 

First public stablecoin https://t.co/BALKuZNvcU

🚨 Circle Rejected Ripple Takeover Bid of $4-5B https://t.co/mP3Ff6EEKU

matthew sigel, recovering CFA

Circle Rejected Ripple Takeover Bid of $4-5B

https://x.com/matthew_sigel/status/1917647009994993944