Opinion: Circle NYSE IPO can be regarded as a low-circulation + high-complete valuation token launch, and the performance is worth looking forward to

@TaikiMaeda2 posted that on June 5, stablecoin USDC issuer Circle will list on the New York Stock Exchange under the ticker CRCL, which is the most talked about IPO since Coinbase (COIN) in 2021. The IPO Circle plans to raise $624 million, with a target valuation of $6.70 billion. The latest valuation adjustment is $7.20 billion. Bloomberg said that this financing has been oversubscribed.
Cathie Wood's ARK fund will be subscribed for $150 million, and BlackRock CEO Larry Fink will invest another $60 million, which together account for about 35% of the financing. Wood and Fink can be regarded as the KOLs of the traditional financial world, and they are likely to be exposed through the media to jointly promote the stablecoin narrative between institutions and retail investors. Circle shares are also one of the few ways to bet on stablecoin growth and blockchain technology. Regular IPO insiders cannot sell their holdings within the first 180 days. If this subscription is indeed oversubscribed, CRCL may have a good performance after going public. Crypto users can see it as a "low-circulation + high-full-valuation" token launched, and it is backed by traditional financial Vs (Wood, Fink).