Coreweave and Circle ignite the US stock market IPO, and two more hot stocks are set to go public next

"Stablecoin's first stock" Circle's explosive debut, along with the astonishing surge in the stock price of "Nvidia's favored child" CoreWeave, is sending a clear signal to the market: investors' appetite for high-risk emerging growth company IPOs is awakening again, and Wall Street's IPO frenzy may be replaying.

According to reports, in the coming week, two highly anticipated companies, fintech company Chime Financial and aerospace defense company Voyager Technologies, are about to face the ultimate test from the market.

Chime currently plans to offer 32 million shares, with a pricing range of $24-26, raising approximately $800 million at the median, and the company's valuation exceeds $10 billion. Chime offers services such as credit cards, high-yield savings accounts, free tax filing, and early wage access, and has a larger free ATM network than the top banks in the United States combined. Chime will be listed on Nasdaq on June 12.

Voyager is preparing to offer 11 million shares at a price of $26-29, raising over $300 million at the median price, with a market value reaching $1.6 billion. Voyager's core partners and clients include Palantir, NASA, and Lockheed Martin. Voyager will be listed on the New York Stock Exchange on June 10.

Analysts point out that whether these two stocks can replicate the crazy performance of "stablecoin's first stock" Circle, investors may not want to underestimate new stocks, as the shift in market sentiment is evident.

FOMO sentiment begins to brew

According to reports, Samuel Kerr, head of equity capital markets at Mergermarket, stated that the strong performance of CoreWeave and Circle in the secondary market may ultimately persuade those private companies that have been on the sidelines to submit IPO applications.

"The IPO window is opening, and the speed of the market rebound is far beyond expectations, which is shocking."

Kerr also noted, "Investors who missed out on CoreWeave may develop FOMO." The FOMO he refers to is the "fear of missing out" mentality.

"CoreWeave initially performed poorly but then surged. Investors do not want to miss the next big IPO."

Compared to the frenzied performance of Circle's listing, the more remarkable story is CoreWeave's comeback. This leading company in cloud AI computing had a lackluster performance when it went public at the end of March, closing almost flat on its first day, but now its stock price has soared from the $40 issue price to about $140, a staggering increase of 250%.

Wall Street Insight previously mentioned that since announcing strong earnings on May 15, "Nvidia's favored child" CoreWeave has become one of the top two stocks by trading volume on the trading platform Public.com, with retail investors' bets on its call options being four times that of put optionsThis dramatic reversal is redefining investors' expectations for IPOs. CoreWeave's listing comes at a sensitive moment when tariff concerns are peaking and inflation fears are resurfacing, forcing the company to cut the number of shares issued and lower the price range. However, time has proven that the market's initial judgment was overly conservative.

Summer Lull and Policy Uncertainty

Despite the seemingly optimistic outlook, potential obstacles cannot be ignored.

Summer is traditionally a slow season for IPOs, with many companies reluctant to go public during this relatively quiet period. However, if Chime and Voyager can achieve strong debuts, it may alleviate some concerns.

Kerr expects more companies to submit the necessary documents to the SEC in preparation for fall IPOs. But this may depend on the next steps of the Trump administration's trade policy.

BeiChen Lin, a senior investment strategist at Russell Investments, stated that if the Federal Reserve begins to cut interest rates later this year and the Trump administration starts to focus more on deregulation, both IPO and merger and acquisition activities should rebound. However, renewed concerns about tariffs could abruptly close the IPO window. Lin also added:

"The ongoing issue of trade policy uncertainty may make it more difficult for some companies to make business decisions, which could offset the benefits of deregulation."