Some equity capital markets bankers have some ‘splaining to do👇—not the first time a #crypto-related IPO was massively underpriced. Limited data set, ofc, but #WallSt still fundamentally underestimates crypto & this is just another example of that fact.

https://www.barrons.com/articles/circle-crcl-ipo-stock-ticker-price-usdc-81a10761