The Internet group issuing Stablecoin Circle collected nearly $ 1.1 billion in its IPO, above its expected range, while investors are becoming more and more attracted to cryptocurrencies.
Circle Internet Group’s shares have more than tripled compared to its $ 31 opening price, raising $ 1.1 billion. The increase in market capitalization that has resulted should finance the expansion of its stable USDC, which can be exchanged 1 per 1 with the US dollar.
Other recent IPOs in the Crypto space reporting an increasing dynamic on the market. Companies focused on cryptocurrencies that Galaxy Digital alongside Etoro, which operates a Crypto trading platform, have also become public.
In June, the American Senate adopted the Act on Engineering, a historic federal bill which established a regulatory framework for the stablecoins supported in dollars.
According to S&P Global Market Intelligence, the cryptocurrency introduction volume culminated in 2021 with 11 offers worth $ 596 million. So far this year, five cryptographic stock market has collected just over $ 2.1 billion.
“There is a growing appetite among investors. The stock market IPOs offer a more regulated and traditional investment avenue in relation to direct investments in cryptography, “explains François Chadwick, main partner of KPMG in global and national business of the emerging practice of the Giants.
There have also been major cryptographic IPOs of non-American companies. The Singapore Crypto Solutions Supplier, Antalpha Platform Holding, launched an offer based in the United States in April.
“The interest in cryptographic scholarships is not limited to the United States, around the world, similar developments take place,” explains Chadwick. “Countries like Switzerland and the United Kingdom are home to user-friendly regulations and have seen businesses continue public lists. Japan and South Korea, both have robust cryptographic markets and regulatory support environments, see interest in blockchain and cryptographic stock market. ”
Chadwick noted that although it may seem counter-intuitive for cryptographic businesses to raise fiduciary capital via IPOs, there are several convincing reasons: “IPOs provide significant capital that cryptographic companies can use to extend operations, develop new technologies and enter new markets.”
The public also implies an in -depth regulatory examination, allowing cryptographic companies to demonstrate their membership in financial regulations, which can be reassuring to investors.