Online reports,@TaikiMaeda2 posted that Circle, the stablecoin USDC issuer, will be listed on the New York Stock Exchange under the ticker symbol CRCL on June 5, which is the most watched IPO since Coinbase (COIN) in 2021. The IPO Circle plans to raise $624 million, with a target valuation of $6.7 billion and a latest valuation adjustment of $7.2 billion. Bloomberg said the financing has been oversubscribed. Cathie Wood's ARK fund will subscribe for US$150 million, and BlackRock CEO Larry Fink will invest another US$60 million, which together account for about 35% of the financing. Wood and Fink can be regarded as the KOLs of the traditional financial world, and they are likely to use media exposure to jointly promote the stablecoin narrative among institutions and retail investors. Circle shares are also one of the few ways to bet on stablecoin growth and blockchain technology. Regular IPO insiders cannot sell their shares in the first 180 days. If this subscription is indeed exceeded, CRCL may perform well after listing. Crypto users can regard it as a "low circulation + high full valuation" token launched and backed by traditional financial big V (Wood, Fink).