#CircleIPO

IPO Circle, the issuer of the stablecoin USDC, attracts attention with a valuation target of $7.2 billion, offering 34 million shares at a price of $31 per share, above the initial range of $24-$26. However, there are concerns from analysts about declining profitability (net income down 42% and EBITDA down 29% in 2024) as well as high operating costs, raising questions about sustainability in the competitive crypto market. Nevertheless, investor interest is high, with demand 25 times the available shares. This IPO could be a significant step for mainstream financial integration, but the risk of crypto market volatility remains a challenge.