Dialogue with Circle investor Lei Ming: Behind the continuous acquisition of high-return projects, striving to continuously capture the era's beta.Author: Stone Jin
On the evening of June 5, 2025, Beijing time, Circle Internet Group (hereinafter referred to as "Circle") officially listed on the New York Stock Exchange under the stock code "CRCL", becoming the "world's first stock of stablecoins."
Two trading days later, Circle's stock price has risen by 247.42% compared to the issue price, with a market capitalization of approximately $24 billion. In fact, during this IPO issuance, Circle has repeatedly raised the number of shares issued and the issue price, ultimately raising $1.1 billion and receiving more than 25 times oversubscription.
Behind the most talked-about large IPO of 2025 so far, there are several investors with Chinese backgrounds. Among them, Lei Ming, who was an investor at Huaxing New Economy Fund, invested in Circle in 2018. With Circle's listing, these early investors also reap rewards.
DeepFlowTech·2025-06-09 03:10