The company behind the second largest stablecoin in the USD by market capitalization appoints its price for its next US initial public offer (IPO).
According to a Reuters report, USDC -Issuer Circle says that it aims for an assessment of $ 7.2 billion in its next IPO – around $ 28 per share – partly due to the more friendly prospects of the current administration on cryptographic regulations.
The stables of the US dollar aim to maintain a value 1: 1 with the US dollar. Tether’s USDT is the largest stablecoin with market value.
Said the investment director of Running Point Capital, Michael Ashley Schulman,
“The problems concerning the media of the same and more specifically Trump’s companies in a room of namesake should not directly affect the prospects of the stablecoins supported by a hard currency.”
According to the Crypto Pseudonym analyst widely followed The Flow Horse, the IPO circle assessment is “cheap”.
“The IPO circle seems interesting to me.
I think $ 28 will look cheap over a period of several months.
Apart from the initial volume of events, I will look for a price to develop a clean beach and, ideally, start establishing a longer term position. »»
Bloomberg reports that BlackRock, the largest asset manager in the world, plans to accumulate 10% of Circle’s shares when they are available on Thursday, June 5. Blackrock is already the actor reserve manager for the assets supporting the USDC.
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