Circle will be listed on the New York Stock Exchange under the stock code CRCL, with a target valuation of $6.7 billion.

According to BlockBeats, Circle will be listed on the New York Stock Exchange on June 5, with the stock code CRCL. This IPO plans to raise $624 million, with a target valuation of $6.7 billion, and the latest valuation adjusted to $7.2 billion.

Cathie Wood's ARK fund has subscribed $150 million, and BlackRock CEO Larry Fink has invested $60 million, together accounting for about 35% of the financing. They may push the stablecoin narrative through the media.

Circle's stock is one way to bet on the growth of stablecoins and blockchain technology. If the subscription is oversubscribed, CRCL may perform well after listing, and crypto users may see it as a low-circulation, high-valuation token launch, backed by traditional financial big names.