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Circle's Blockbuster IPO Signals Major Crypto Public Offering Wave, Bybit Analysis Shows

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Circle (NYSE: CRCL), the USDC stablecoin issuer, completed a remarkable IPO debut with shares surging from $31 to $107 in the first week of trading. According to Bybit's Crypto Insights Report, investment bankers significantly undervalued Circle's IPO, demonstrating strong market appetite for crypto equities. The successful listing signals growing mainstream acceptance of digital assets and sets a new benchmark for the crypto industry. The report identifies six potential crypto companies, including Fireblocks and Chainalysis, preparing for IPOs with billion-dollar valuations. The favorable regulatory environment under the new U.S. administration has created optimal conditions for crypto companies to access public markets, potentially leading to a wave of crypto IPOs that could further legitimize the cryptocurrency industry in global finance.
Circle (NYSE: CRCL), emittente dello stablecoin USDC, ha debuttato in borsa con un'IPO straordinaria, con le azioni che sono passate da 31 a 107 dollari nella prima settimana di contrattazioni. Secondo il Crypto Insights Report di Bybit, gli investment banker hanno sottovalutato significativamente l'IPO di Circle, evidenziando un forte interesse del mercato per le azioni legate alle criptovalute. Questa quotazione di successo segnala una crescente accettazione mainstream degli asset digitali e stabilisce un nuovo standard per l'industria cripto. Il report individua sei potenziali aziende crypto, tra cui Fireblocks e Chainalysis, che si stanno preparando per IPO con valutazioni da miliardi di dollari. Il favorevole contesto normativo sotto la nuova amministrazione statunitense ha creato condizioni ottimali per l'accesso delle aziende crypto ai mercati pubblici, potenzialmente generando un'ondata di IPO cripto che potrebbe ulteriormente legittimare l'industria delle criptovalute nella finanza globale.
Circle (NYSE: CRCL), emisor del stablecoin USDC, completó un debut impresionante en su oferta pública inicial (IPO), con las acciones subiendo de 31 a 107 dólares en la primera semana de negociación. Según el Crypto Insights Report de Bybit, los banqueros de inversión subestimaron significativamente la IPO de Circle, demostrando un fuerte apetito del mercado por las acciones relacionadas con criptomonedas. La exitosa cotización señala una creciente aceptación generalizada de los activos digitales y establece un nuevo referente para la industria cripto. El informe identifica seis posibles empresas cripto, incluyendo Fireblocks y Chainalysis, que se están preparando para IPO con valoraciones de miles de millones de dólares. El entorno regulatorio favorable bajo la nueva administración de EE.UU. ha creado condiciones óptimas para que las empresas cripto accedan a los mercados públicos, lo que podría desencadenar una ola de IPOs cripto que legitimen aún más la industria de las criptomonedas en las finanzas globales.
Circle(NYSE: CRCL), USDC 스테ì´ë¸”ì½”ì¸ ë°œí–‰ì‚¬ëŠ” ìƒìž¥ ì²� ì£¼ì— ì£¼ê°€ê°€ 31달러ì—서 107달러ë¡� 급등하며 놀ë¼ìš´ IPO ë°ë·”ë¥� 마쳤습니ë‹�. Bybitì� Crypto Insights ë³´ê³ ì„œì— ë”°ë¥´ë©� íˆ¬ìž ì€í–‰ê°€ë“¤ì€ Circleì� IPOë¥� í¬ê²Œ ì €í‰ê°€í–ˆìœ¼ë©�, ì´ëŠ” 암호화í 주ì‹ì—� 대í•� 강한 시장 수요ë¥� ë³´ì—¬ì¤ë‹ˆë‹�. ì´ë²ˆ 성공ì ì¸ ìƒìž¥ì€ 디지í„� ìžì‚°ì� 주류 수용ì� ì¦ê°€í•˜ê³  있ìŒì� 나타내며 암호화í ì‚°ì—…ì� 새로ìš� 기준ì� 세웠습니ë‹�. 보고서는 Fireblocks와 Chainalysisë¥� í¬í•¨í•� 6ê°œì˜ ìž ìž¬ì � 암호화í 기업ì� 수십ì–� 달러 ê°€ì¹˜ì˜ IPOë¥� 준ë¹� 중임ì� ë°í˜”습니ë‹�. 새로ìš� 미국 행정부 í•˜ì˜ ìš°í˜¸ì ì¸ 규제 í™˜ê²½ì€ ì•”í˜¸í™”í ê¸°ì—…ë“¤ì´ ê³µê°œ 시장ì—� ì ‘ê·¼í•� ìˆ� 있는 최ì ì� ì¡°ê±´ì� 조성하여, 암호화í IPO 물결ì� 글로벌 금융ì—서 암호화í ì‚°ì—…ì� ì •ë‹¹ì„±ì„ ë”ìš± ê°•í™”í•� 가능성ì� 열어주고 있습니다.
Circle (NYSE : CRCL), émetteur du stablecoin USDC, a réalisé une entrée en bourse remarquable avec une hausse des actions de 31 à 107 dollars lors de la première semaine de cotation. Selon le rapport Crypto Insights de Bybit, les banquiers d’investissement ont largement sous-estimé l’IPO de Circle, démontrant un fort appétit du marché pour les actions liées aux cryptomonnaies. Cette introduction réussie témoigne d’une acceptation croissante des actifs numériques par le grand public et établit une nouvelle référence pour l’industrie crypto. Le rapport identifie six entreprises crypto potentielles, dont Fireblocks et Chainalysis, qui se préparent à des IPO valorisées à plusieurs milliards de dollars. L’environnement réglementaire favorable sous la nouvelle administration américaine a créé des conditions optimales pour que les entreprises crypto accèdent aux marchés publics, ce qui pourrait entraîner une vague d’IPO crypto renforçant encore la légitimité de l’industrie des cryptomonnaies dans la finance mondiale.
Circle (NYSE: CRCL), Herausgeber des USDC-Stablecoins, absolvierte ein bemerkenswertes IPO-Debüt, bei dem die Aktien in der ersten Handelswoche von 31 auf 107 US-Dollar stiegen. Laut dem Crypto Insights Report von Bybit haben Investmentbanker das IPO von Circle deutlich unterbewertet, was eine starke Marktnachfrage nach Krypto-Aktien zeigt. Die erfolgreiche Börsennotierung signalisiert eine wachsende Akzeptanz digitaler Vermögenswerte im Mainstream und setzt einen neuen Maßstab für die Kryptoindustrie. Der Bericht nennt sechs potenzielle Krypto-Unternehmen, darunter Fireblocks und Chainalysis, die sich auf IPOs mit Milliardenbewertung vorbereiten. Das günstige regulatorische Umfeld unter der neuen US-Regierung hat optimale Bedingungen geschaffen, damit Krypto-Unternehmen Zugang zu öffentlichen Märkten erhalten, was eine Welle von Krypto-IPOs auslösen könnte, die die Kryptowährungsbranche im globalen Finanzwesen weiter legitimieren.
Positive
  • Circle's stock price surged 245% from $31 to $107 in first week of trading
  • Strong market demand demonstrated by IPO oversubscription
  • Favorable regulatory environment supporting crypto companies' public market access
  • Six major crypto companies including Fireblocks and Chainalysis preparing for IPOs
Negative
  • Investment bankers significantly underestimated Circle's valuation, indicating potential market pricing challenges
  • Historical precedent of Coinbase's post-IPO correction in 2022 suggests potential volatility risks
  • Traditional valuation methods may need revision for crypto companies, creating uncertainty

Insights

Circle's IPO success signals mainstream crypto acceptance, creating benchmark for upcoming wave of crypto public offerings.

Circle's IPO performance represents a watershed moment for the cryptocurrency industry. The $31 to $107 first-week trading range—a 245% increase—demonstrates substantial market appetite for crypto equities that traditional valuation models failed to capture. This significant underestimation by investment bankers reveals the persistent gap between conventional financial analysis and cryptocurrency market dynamics.

The successful public debut of Circle, as USDC's issuer, establishes critical precedent for the wave of crypto IPOs apparently forming behind it. While only Fireblocks and Chainalysis are specifically named in Bybit's analysis, the report claims four other significant players are positioning for public offerings, potentially representing billions in valuation across various crypto subsectors from DeFi to security infrastructure.

This IPO surge is occurring within what Bybit describes as a favorable U.S. regulatory environment under the new administration, though specific regulatory developments aren't detailed. The market's reception to Circle potentially signals institutional investors' growing comfort with crypto exposure through traditional equity channels rather than direct token holdings.

However, Bybit's analysis acknowledges risks by referencing Coinbase's post-IPO performance during the 2022 market downturn—a prudent reminder that initial enthusiasm doesn't guarantee sustained valuation. Circle's dramatic price appreciation warrants careful consideration about whether it reflects fundamental value or speculative momentum.

The legitimization effect of major crypto companies accessing public markets remains the most significant takeaway, potentially accelerating institutional adoption and mainstream financial integration of digital assets.

DUBAI, UAE, June 10, 2025 /PRNewswire/ -- , the world's second-largest cryptocurrency exchange by trading volume, features Circle's successful initial public offering (IPO) in the latest , analyzing where Wall Street missed—massive pre-IPO undervaluation, and which crypto juggernauts are positioned to capitalize on the emerging IPO wave.

Circle (NYSE: CRCL), the issuer of the USDC stablecoin, demonstrated the market's appetite for crypto equities when its stock surged from an IPO price of $31 to close at $107 in its first week of trading. The new Bybit report looks beyond the ticker to highlight the broader impact on the crypto industry, as Circle made history in crafting compelling narratives under the current crypto-positive climate in the U.S.. The Circle IPO has established a new benchmark for the industry and signaled growing mainstream acceptance of digital assets.

Crypto Valuations Humbled Investment Bankers

Investment bankers significantly underestimated Circle's evaluation. Its blowout debut far exceeded Wall Street expectations, with oversubscription at the IPO stage and an extraordinarily streak of high demands after the company went public. The phenomenon speaks to crypto's game-changing nature as more blockchain and crypto firms are expected to enter capital markets, rewriting the rulebooks of conventional valuation methods, models, and metrics.

The report also examines Circle's fundamentals and competitor landscape for further gains, while drawing parallels to Coinbase's post-IPO experience during the 2022 market correction on potential risks.

Six Companies Leading the 2025 Crypto IPO Pipeline

Circle is just the beginning. The report identified six candidates gearing up for IPO, each with unique edges in crypto and blockchain. From DeFi to the security layer, key players including Fireblocks and Chainalysis, among others, are looking at billions in valuation.

The timing could not have been better. Industry experts note that the favorable regulatory environment under the new U.S. administration has created optimal conditions for crypto companies to access public capital markets. The anticipated wave of crypto IPOs is expected to further legitimize the cryptocurrency industry's role in global finance.

Read more about the Circle IPO's impact on broader market sentiment and learn more about which companies will join the race:

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at .

For more details about Bybit, please visit
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FAQ

What was Circle's (CRCL) IPO price and first week performance?

Circle's IPO was priced at $31 per share and the stock surged to $107 by the end of its first week of trading, representing a 245% increase.

Which crypto companies are expected to go public after Circle's IPO?

According to Bybit's report, Fireblocks and Chainalysis are among six candidates preparing for IPOs, each potentially valued at billions of dollars.

How did investment bankers evaluate Circle's IPO valuation?

Investment bankers significantly underestimated Circle's valuation, as evidenced by the IPO's oversubscription and strong post-listing performance.

What impact does Circle's successful IPO have on the crypto industry?

Circle's successful IPO sets a new benchmark for the industry, signals growing mainstream acceptance of digital assets, and could trigger a wave of crypto company public offerings.

What risks are associated with Circle's IPO based on historical precedent?

The report draws parallels to Coinbase's post-IPO experience during the 2022 market correction, suggesting potential volatility risks for crypto-related stocks.
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