Viewpoint: Circle's IPO on the New York Stock Exchange can be seen as the launch of a "low liquidity+high complete valuation" token, and its performance is worth looking forward to

BlockBeats News: On June 4th, @ TaikiMaeda2 announced that stablecoin USDC issuer Circle will be listed on the New York Stock Exchange under the stock code CRCL on June 5th, making it the most anticipated IPO since Coinbase (COIN) in 2021. In this IPO, Circle plans to raise $624 million with a target valuation of $6.7 billion, and the latest valuation adjustment is $7.2 billion. Bloomberg stated that this financing has been oversubscribed. Cathie Wood's ARK fund will subscribe for $150 million, and BlackRock CEO Larry Fink will invest an additional $60 million, accounting for approximately 35% of this financing. Wood and Fink can be seen as KOLs in the traditional financial industry, and they are likely to jointly promote the "stablecoin narrative" between institutions and retail investors through media exposure. Circle stocks are also one of the few ways to bet on stablecoin growth and blockchain technology. Regular IPO insiders are unable to sell their holdings within the first 180 days. If the subscription has indeed exceeded the limit, CRCL may experience outstanding performance after listing. Crypto users can consider it as a "low circulation+high complete valuation" token launched, with the endorsement of traditional financial giants (Wood, Fink). Recommended reading for more information on Circle IPO: "Will the $7.2 billion IPO be a new catalyst for the crypto bull market