Core Viewpoint - Circle Internet Group has officially gone public on June 5, 2025, under the ticker "CRCL," marking itself as the world's first publicly traded stablecoin company [2][4]. Group 1: IPO Details - Circle adjusted its IPO price from an initial range of $24 to $26 to $31 per share, increasing the total shares offered from 24 million to 34 million, raising $1.1 billion with over 25 times oversubscription [2]. - On its first trading day, Circle's stock opened 122% higher and peaked at nearly 235%, closing at $83.23, which is a 168.48% increase from the IPO price, giving it a market capitalization of $18.356 billion [2]. Group 2: Company Overview - Founded in 2013, Circle focuses on fiat currency transfer services and issues two stablecoins: USDC (pegged to the US dollar) and EUDC (pegged to the euro), with USDC holding approximately 29% market share as of March 2025 [4]. - Circle's total revenue and reserve income for 2024 were $1.676 billion, with a net profit of $156 million [4]. Group 3: Investment Background - Huaxing Capital's New Economy Fund invested in Circle in 2018, recognizing its technological, compliance, and ecosystem advantages in the stablecoin sector [6]. - Huaxing Capital has been actively investing in blockchain technology and digital assets, with notable investments including the IPO assistance for various tech companies and digital asset firms [6]. Group 4: Industry Outlook - The global regulatory framework for digital currencies is evolving, with many countries incorporating digital currencies into their reserve assets [7]. - Huaxing Capital emphasizes the importance of integrating cutting-edge technology with financial services to enhance financial efficiency and asset liquidity, positioning itself as a leader in the financial innovation landscape [7][8].
Circle登陆纽交所成「全球稳定币第一股」：首日上涨168%，华兴为投资方