Circle Internet Financial探索在潜在IPO之前向Coinbase或Ripple的销售

USDC Stablecoin的发行人正在初步谈判，以考虑与Coinbase或Ripple进行谈判。

Circle Financial, the firm behind the USDC stablecoin, is in the early stages of exploring a potential sale and has engaged in initial discussions with Coinbase and Ripple, according to sources linked to banks and private equity firms.

根据与银行和私募股权公司有关的消息来源，Circle Financial是USDC Stablecoin背后的公司，正处于探索潜在销售并与Coinbase和Ripple进行初步讨论的早期阶段。

Despite these talks, Circle is continuing with its planned public listing via a traditional IPO, as reported by Bloomberg earlier this year.

尽管进行了这些谈话，但彭博社今年早些时候报道，Circle仍在通过传统的IPO进行了计划的公开上市。

The conversations regarding a possible sale are described as informal, and Circle is said to be seeking a minimum valuation of $5 billion. However, a proposal from Ripple, which valued the company at between $4 billion and $5 billion, was rejected by Circle as being too low.

有关可能出售的对话被描述为非正式，据说圈子正在寻求最低估值50亿美元。但是，Ripple的一项提议估计该公司在40亿至50亿美元之间，被Circle拒绝了。

One aspect of the proposal that may have contributed to the valuation differential is the structure of the consideration. A significant portion of Ripple's offer was in XRP tokens, which could have resulted in a substantial discount to market value, especially given Circle's preparation for a public listing.

该提案可能导致估值差异的一个方面是考虑因素的结构。 Ripple的很大一部分是在XRP代币中，这可能会导致市场价值折扣，尤其是考虑到Circle为公开上市的准备工作。

According to the sources, Circle appears to be holding firm to its valuation floor and has shown no willingness to compromise on that front. Moreover, if both Coinbase and Ripple were to match the valuation and present viable acquisition proposals, Circle might prefer Coinbase due to their existing partnership, revenue sharing through USDC, and aligned governance history.

消息人士称，Circle似乎将坚定地置于其估值地板上，并且不愿意在这方面妥协。此外，如果Coinbase和Ripple均可符合估值和目前的可行收购建议，则Circle可能会因为Coinbase的现有合作伙伴关系，通过USDC的收入分担以及一致的治理历史而更喜欢Coinbase。

Coinbase recently announced a $2.9 billion deal to acquire crypto derivatives exchange Deribit, highlighting its interest in expanding through acquisitions. CEO Brian Armstrong has stated that the company is looking for M&A opportunities that would enhance its offerings and accelerate its global growth.

Coinbase最近宣布了一项29亿美元的交易，以收购加密衍生品交易所deribit，强调了其通过收购扩展的兴趣。首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）表示，该公司正在寻找并购机会，以增强其产品并加速其全球增长。

When asked about a potential acquisition of Circle, Armstrong said that there was “nothing to announce” at this time. However, given Coinbase's active involvement in M&A and its interest in expanding its footprint, it wouldn't be surprising to see them pursue an opportunity like this, especially considering the close partnership and potential synergies with Circle.

当被问及潜在地收购圈子时，阿姆斯特朗说，目前没有“没有什么可以宣布”。但是，鉴于Coinbase积极参与并购及其对扩大其足迹的兴趣，看到他们寻求这样的机会并不奇怪，尤其是考虑到与Circle的紧密合作伙伴关系和潜在的协同作用。

According to the sources, if Coinbase expressed interest, Circle could quickly accept a proposal. Meanwhile, Circle has filed its IPO application with the SEC but is still assessing the impact of recent U.S. trade policies on their decision to proceed with the IPO.

根据消息来源，如果Coinbase表示兴趣，Circle可以迅速接受提案。同时，Circle已向SEC提出了IPO申请，但仍在评估美国最近的贸易政策对进行IPO的决定的影响。

Several other companies that were planning to debut on the stock exchange, such as Swedish buy now, pay later firm Klarna and ticket resale company StubHub, have decided to postpone their roadshows due to the current macroeconomic uncertainty.

其他几家计划在证券交易所上首次亮相的公司，例如瑞典购买，后来的克拉纳公司和售票转售公司Stubhub付款，由于当前的宏观经济不确定性，决定推迟其路演。