Despite Circle's IPO being 25 times oversubscribed, signaling overwhelming investor confidence, its stock has since plummeted a staggering 76% from its peak. This stark collapse reveals that even massive initial demand is meaningless for crypto-tied businesses facing market volatility and reassessment. Does an "oversubscribed" IPO truly indicate a strong company, or just a speculative bubble waiting to burst?
This summary was generated by AI
1