Analysis: Gemini reserves 30% of IPO share for retail investors may prevent "surge in the first day but difficult to maintain" market risks

According to the report of Coinjie.com, the Wall Street Journal wrote an article to analyze that the stock prices of Bullish, Circle and Figma have all fallen from their early highs in the listing period, which seems to be difficult to solve the market rules that are often difficult to sustain on the first day. However, Gemini Space Station, a cryptocurrency platform listed on Friday, reserved nearly 30% of the IPO share for retail investors, far exceeding the traditional 6% ratio. The stock closed up 14% to $32 on the first day, with the company's market value of about $3.8 billion. When the cryptocurrency exchange Bullish went public last month, it also allocated 20% of its shares to retail investors. Relevant sources said a large number of retail allocations would help avoid a larger first-day surge. Analysts believe that behind this trend is actually a rethinking of IPO pricing strategies. Many large IPOs soared on the first day of this year. Although it seems to be a good deal, it actually means that companies and early investors have missed billions of dollars in financing opportunities. Wall Street bankers are trying to alleviate this problem by increasing retail share.