Circle, a leading stablecoin issuer, launched its highly anticipated IPO, targeting $624 million at a $6 billion valuation. The company aims to use proceeds to expand internationally, enhance compliance, and develop tokenized financial products. This direct listing follows a previously aborted SPAC deal and marks a significant milestone for the fintech firm.

Kronos Acquisition Holdings has been cut to ‘CCC+’ by S&P Global Ratings due to worsening liquidity and operational setbacks. The downgrade follows a warehouse fire last year and slow recovery efforts, with EBITDA down 30% in Q1 2025. S&P warns further downgrades are possible if financial pressures persist.

Concord Originals has acquired the legendary RKO film studio, gaining rights to over 5,000 classic titles and unproduced screenplays. RKO will now operate as an independent imprint under Concord, with new leadership set to drive development of remakes, sequels, and stage adaptations, ensuring the studio's enduring influence in entertainment.