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]
稳定币巨头Circle(CRCL.US)火爆上市 为美股IPO市场注入强心剂