稳定币发行商Circle上市首日的火爆表现，不仅使华尔街再次见证了"币圈"的疯狂，更有可能掀起更多"币圈"资产的上市潮。 6月5日，稳定币"第一股"Circle Internet Group Inc.（CRCL）美国IPO首日收涨近170%，报83.23美元，远高于此前给出的IPO发行价每股31美元， 盘中一度飙升235%，上涨至103.75美元的高点。 据华尔街见闻此前提及，Criecle的IPO发行价为31美元，远高于本周预期的27至28美元区间，也高于上周最初设定的24至26美元区间，吸引了超过 20倍的超额认购，共筹资近11亿美元。 据报道，Circle成为自Coinbase Global Inc.在2021年直接上市以来最受瞩目的加密货币公司IPO首秀，其超预期的表现，也瞬间点燃了市场热情。 Renaissance Capital高级策略师Matt Kennedy直言： "我敢肯定，其他公司今天就在和他们（指那些一直在公开市场门外徘徊的加密货币公司们）的投行谈话。这种信心并非空穴来风， Circle的成功表现正在为整个加密货币行业的IPO aspirants（IPO申请者）铺平道路。" 分析指出，对 ...

Core Viewpoint - Circle, the issuer of the USDC stablecoin, successfully listed on the New York Stock Exchange with a strong debut, marking a significant milestone for the stablecoin industry [1][3]. Group 1: Company Overview - Circle was founded in 2013, initially focusing on fiat currency transfer services and later pivoted to the stablecoin market by launching USDC in partnership with Coinbase in 2018 [2]. - As of April 2025, USDC's circulation reached $60.1 billion, capturing approximately 29% of the global stablecoin market, second only to Tether's USDT [2]. - Circle's business model relies on investment income from reserves, with over $60 billion in dollar assets primarily invested in short-term U.S. Treasury securities [2]. Group 2: IPO Details - Circle's IPO was the first in the stablecoin sector, initially planning to issue 24 million shares at a price range of $24-26, which was later increased to 34 million shares at a final price of $31 due to strong market demand [3][5]. - The stock opened at $66.75, a 122.58% increase, and closed at $83.23, representing a 168.5% gain, leading to a market capitalization exceeding $18 billion [1]. Group 3: Market Significance - The successful IPO is seen as a validation of the stablecoin business model by traditional capital markets, potentially attracting more institutional investors [3]. - Circle's listing is expected to enhance its credibility in the traditional financial market and facilitate further participation in the crypto market [3][5].

Group 1 - Circle's IPO performance exceeded expectations, with a subscription rate over 20 times the offering amount and a closing price increase of 168% [1] - The $1.1 billion IPO is the most notable cryptocurrency IPO since Coinbase's direct listing in 2021, potentially boosting confidence for other crypto companies considering IPOs [1] - Other cryptocurrency companies, such as BitGo and Kraken, are reportedly planning IPOs, while Gemini has secretly submitted an IPO application [1] Group 2 - Circle is distinct from other crypto companies like Coinbase, as its revenue primarily comes from U.S. Treasury bonds and other income-generating instruments, rather than transaction fees [2] - The timing of Circle's IPO coincides with a rebound in the stock and cryptocurrency markets, with eToro Group's stock rising 20% since its mid-May listing [2] - U.S. Congress is considering legislation to regulate stablecoins, and Circle claims to have the second-largest stablecoin by market cap, following Tether [2] Group 3 - Circle's CEO Jeremy Allaire stated that the IPO will enhance trust, compliance, and transparency for its regulated stablecoin network, improving collaboration with mainstream financial institutions [3] - The IPO could also uplift the valuations of other companies, particularly those with lower valuations compared to previous years [3] - Chime Financial is expected to be the next major fintech IPO, with a diluted valuation potentially reaching $11 billion, significantly down from its $25 billion valuation in 2021 [3]

Core Insights - Circle aims to establish itself as a core infrastructure for the internet financial system with projected revenue of $1.7 billion in 2024 and the launch of its Payments Network, despite facing competition from crypto startups and traditional banks exploring stablecoins [1][9] - The public listing of Circle on the NYSE under the ticker "CRCL" has tripled its IPO price on the first day, indicating strong market demand and institutional support for regulated digital assets [2][4] - Circle's IPO not only raises capital but also enhances transparency and regulatory oversight in the stablecoin market, potentially setting a new industry standard [10][11] Company Overview - Circle, the issuer of the USDC stablecoin, debuted on the NYSE with a significant price increase, closing at $83.23 and valuing the company at over $18 billion [4][5] - The USDC stablecoin has a market capitalization of approximately $61 billion and has processed over $25 trillion in transaction volume, positioning it as a more transparent and regulation-friendly option compared to Tether's USDT [6][7] - The company's revenue model is primarily based on interest earned from reserve holdings, driven by rising interest rates and increased adoption of USDC [9] Industry Context - Circle's successful IPO signals a cultural and economic shift in the acceptance of cryptocurrencies within institutional finance, moving from the margins to a more mainstream position [5][10] - The public listing provides enhanced regulatory clarity, making Circle a preferred partner for banks and FinTechs exploring stablecoin applications [11] - Despite the positive developments, Circle faces competition from traditional banks that are also considering entering the stablecoin market [12][13]

美东时间6月5日，稳定币领域迎来历史性时刻：全球第二大挂钩美元的稳定币USDC发行商Circle，正式在纽约证券交易所挂牌上市，股票代码为"CRCL"， 发行价为每股31美元。 当日开盘后，Circle表现惊艳，IPO首日开盘涨122.58%，报66.75美元，此后再次实现股价跳涨，盘中最高涨幅超234%，引发市场高度关注。 Circle成立于2013年，是一家总部位于美国的金融科技公司，核心产品为USDC。该稳定币与美元1:1锚定，在全球范围内被用于支付、结算以及数字美元价 值存储，市场份额仅次于Tether发行的USDT。 引发关注的是，这是稳定币领域首个IPO，成功上市，或意味着稳定币商业模式得到传统资本市场认可。 回溯Circle的资本化历程，其实并非一帆风顺。如今，这场承接加密市场火爆情绪的IPO，究竟价值几何？哪些风险需要警惕？对于整个行业又有何意义？ 开盘首日股价最高涨幅超234% 美东时间6月5日，Circle正式在纽约证券交易所上市，敲定发行价为31美元，发行规模扩大至3400万股，共计募资10.54万美元。 更惊艳市场的是开盘表现，IPO首日开盘涨122.58%，因价格涨幅波动性过大，Ci ...

Market Overview - US stock markets experienced a collective decline, with the Dow Jones down 0.25%, Nasdaq down 0.83%, and S&P 500 down 0.53%. Notably, Tesla's stock plummeted 14.26%, resulting in a market value loss exceeding $152.5 billion (approximately ¥1.09 trillion) [2] - International oil prices saw an increase, with WTI crude oil rising 0.64% to $63.25 per barrel and Brent crude oil up 0.66% to $65.29 per barrel [3] - European stock indices showed mixed results, with Germany's DAX up 0.19%, France's CAC40 down 0.18%, and the UK's FTSE 100 up 0.11% [5] Corporate Developments - Circle, a major player in the stablecoin market, saw its stock surge 168.48% on its first day of trading, closing at $83.23, with a market capitalization exceeding $18 billion [15] - Huawei announced the launch of its Pura 80 series smartphones, which have garnered significant consumer interest, with over 40,000 reservations within hours of opening [16][17] - Canada Goose appointed Celine Xie as the new president for its China operations, aiming to enhance its market presence in the region [22][23] Regulatory and Policy Updates - The Chinese Ministry of Commerce criticized the US for raising tariffs on steel and aluminum products from 25% to 50%, labeling it as unilateralism and protectionism [8] - The Chinese government announced plans to conduct the fourth national agricultural census in 2026, as part of its statistical and agricultural development efforts [7] Industry Insights - The Chinese government is establishing ten national data element comprehensive pilot zones to promote the integration of the real economy and digital economy [8] - The National Medical Insurance Administration is revising the credit evaluation system for drug pricing and procurement to combat corruption and improve market integrity [10] Stock Market Movements - Notable stock movements included a significant drop in Tesla's stock price, while several Chinese concept stocks saw gains, with the Nasdaq China Golden Dragon Index up 0.54% [2][29] - The latest data showed that the Chinese yuan's exchange rate against the US dollar was 7.1865, reflecting a decrease of 21 basis points [31]

Group 1 - Circle, a major issuer of USDC stablecoin, closed its first trading day at $83.23 per share, representing a 168% increase from its IPO price of $31 [1] - The strong performance of Circle's IPO may influence institutional investors to set higher IPO prices for upcoming listings, including Omada Health and Klarna [2] - Circle's initial market value was set at $6.1 billion based on its IPO price, which was lower than its last private market valuation of $7.7 billion from April 2021; however, its market capitalization rose to $16.7 billion by the end of trading [3] Group 2 - Circle's IPO success follows a trend of companies pricing their IPOs below previous private market highs, which may not deter startups from going public [4] - This IPO marks Circle's second attempt to go public, having previously planned a SPAC merger in 2022 at a $9 billion valuation [4] - Major shareholders of Circle include General Catalyst and IDG Capital, holding approximately 8.9% and 8.8% of shares respectively, along with other significant venture investors [6]

Core Viewpoint - Circle Internet Group Inc. (CRCL) experienced a significant opening day surge of 122.58% in its IPO, with shares opening at $69, compared to the IPO price of $31 [1] Summary by Relevant Sections - **IPO Performance** - The IPO stock subscription rate exceeded 20 times, indicating strong demand [1] - The top 25 accounts acquired 70% of the available shares [1] - **Stock Issuance Details** - The company expanded its stock issuance twice, ultimately increasing the total shares offered to 34 million on June 5 [1]

Company Overview - Circle Internet Group, a major stablecoin issuer, successfully completed its IPO, raising nearly $1.1 billion with shares soaring 124% post-IPO [1] - The IPO was priced at $31, significantly above the expected range of $27 to $28, and opened at $69.50, valuing the company at approximately $6.8 billion [2] Industry Context - Circle is among a select group of pure-play crypto companies listed in the U.S., joining Coinbase, Mara Holdings, and Riot Platforms [3] - The stablecoin sector is anticipated to grow significantly, with Wall Street analysts projecting a tenfold increase over the next five years, potentially creating a trillion-dollar market opportunity [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]