Core Viewpoint - Circle Internet Group has successfully expanded its IPO to raise nearly $1.1 billion, pricing above market expectations, indicating growing market recognition for stablecoin issuers [1] Group 1: IPO Details - Circle and its co-founders sold 34 million shares at a price of $31 per share, leading to a market capitalization of $6.9 billion [1] - The IPO is underwritten by major banks including JPMorgan, Citigroup, and Goldman Sachs, with shares expected to begin trading on the NYSE under the ticker CRCL [1] - The fully diluted valuation of the company, including employee stock options and warrants, is approximately $8.1 billion [1] Group 2: Market Context - The IPO coincides with ongoing legislative discussions in the U.S. Congress regarding the regulation of stablecoins, which may enhance their legitimacy and attract competition from major banks exploring their own stablecoin offerings [1] Group 3: Market Share and Demand - As of the end of March, Circle's USDC stablecoin held about 29% of the market share, with a circulation of approximately $61 billion as of May 29 [2] - The IPO saw strong demand, with subscriptions exceeding available shares by more than 25 times by the order deadline [2] - ARK Investment Management intends to purchase up to $150 million in shares, while BlackRock plans to acquire about 10% of the IPO [2] Group 4: Historical Valuation - Circle was valued at $7.7 billion after a funding round in 2022 and had previously aimed for a valuation of $9 billion through a merger with a SPAC before abandoning that plan [3]
稳定币巨头Circle(CRCL)今夜登陆纽交所！扩大筹资规模至11亿美元 定价31美元/股超预期