Circle – the giant behind the USDC stablecoin – has officially priced its shares in the upcoming IPO at $31 per share, according to information quoted by PANews from Jinshi. However, what is making investors 'anxious' is the prediction that this stock may open between $42 and $44 – nearly 40% higher than the IPO price.
This information is causing significant unrest among investors in both traditional financial markets and the crypto space. Circle's choice to list at this moment, while stablecoins are regaining attention, shows its ambition to capture market share and expand its global influence.
What makes the market value Circle higher than the offering price?
Although it has not officially traded yet, the forecasted opening valuation significantly higher than the IPO price shows strong confidence from investors. As the issuer of the USDC stablecoin – one of the largest stable digital assets in the market – Circle has built a considerable position in the decentralized finance (DeFi) and Web3 sectors.
Moreover, the increasing openness of traditional financial markets towards crypto is also a supporting factor that makes Circle's shares attractive.
In the near future, will Circle's stock immediately 'go to the moon' after listing? Or is the price of $42-44 just the beginning of a breakthrough growth journey?
And you, are you ready to 'bet' on Circle during this early IPO stage?
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Note: This article does not constitute investment advice.
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