Odaily News Lei Ming, a former investor of Huaxing New Economy Fund, invested in Circle in 2018. In his latest interview, he said that there was a certain element of luck in investing in Circle seven years ago. At that time, Circle's main business was not stablecoin and its valuation was only US$3 billion. Now its market value of US$20 billion is somewhat unexpected. The core judgment of investing in Circle is that blockchain technology can create huge commercial and social value in the future. The essence of finance is license capability, and Circle happened to be the company with the most licenses at that time.
Circle was listed on the New York Stock Exchange last week, becoming the "first global stablecoin stock". After two trading days, the stock price has risen by 247.42% from the issue price, with a market value of approximately US$24 billion. This IPO issuance of Circle ultimately raised US$1.1 billion and received more than 25 times oversubscription. (IPO Early Knowledge)
Earlier news, Hong Kong-listed company Huaxing Capital disclosed that the Huaxing New Economy Fund it manages had invested in Circle as early as 2018. The company will continue to be optimistic about the development of blockchain technology and actively explore its layout in the fields of Web3.0 and cryptocurrency assets.