$BNB
According to Odaily, Lei Ming, a former investor in Huaxing New Economy Fund, reflected on his 2018 investment in Circle, noting that it involved a degree of luck. At that time, Circle's primary business was not stablecoins, and its valuation was only $3 billion. The current market valuation of $20 billion has exceeded expectations. Lei's core investment judgment was based on the belief that blockchain technology would generate significant commercial and social value in the future, with financial success hinging on licensing capabilities. Circle was notably the most comprehensively licensed company at the time.
Last week, Circle went public on the New York Stock Exchange, becoming the first global stablecoin company to do so. Within two trading days, its stock price increased by 247.42% from the issue price, bringing its market valuation to approximately $24 billion. The IPO raised $1.1 billion, with the offering being oversubscribed