Opinion: Circle's NYSE IPO Can Be Viewed as a "Low Float + High Fully Diluted Valuation" Token Listing, Performance Is Worth the Wait

BlockBeats News, June 4, @TaikiMaeda2 posted that on June 5, the stablecoin USDC issuer Circle will be listed on the New York Stock Exchange under the stock ticker CRCL. This is the most anticipated IPO since Coinbase (COIN) in 2021. In this IPO, Circle plans to raise $624 million, targeting a valuation of $6.7 billion, with the latest valuation adjusted to $7.2 billion. Bloomberg reported that this financing round has been oversubscribed.

ARK Fund led by Cathie Wood will invest $150 million, and BlackRock CEO Larry Fink will reinvest $60 million, totaling approximately 35% of this financing round. Wood and Fink can be seen as KOLs in the traditional financial industry, and they are likely to promote the "stablecoin narrative" through media exposure, jointly driving the narrative among institutions and retail investors. Circle's stock is also one of the few ways to bet on stablecoin growth and blockchain technology. Insiders from a regular IPO cannot sell their shares within the first 180 days. If this subscription is indeed oversubscribed, CRCL may see outstanding performance after listing. Crypto users can view this as a token with "low circulation + high full valuation" going public, backed by endorsements from traditional financial heavyweights (Wood, Fink).

For more information on the Circle IPO, we recommend reading "Is the $7.2 Billion IPO, Circle's Listing a New Catalyst for the Crypto Bull Market?"