Stephane Javelle discovered IC 516 = J. 2-623, along with IC 515, on 21 Mar 1893. He noted it was distinct from NGC 2616, which was also measured.

600/800mm - 24" (2/5/13): very faint, extremely small, slightly elongated, 12"x8", stellar nucleus. Located 4.4' ESE of NGC 2616 in a group (WBL 188) and 5.2' NE of IC 515. CGCG 004-072 lies 4.5' SSW.

Notes by Steve Gottlieb