PANews reported on September 13th that the Wall Street Journal reported that the share prices of several recently listed cryptocurrency stocks, including Bullish, Circle, and Figma, have fallen from their early highs, seemingly failing to overcome the market trend of first-day surges often failing to sustain. However, Gemini Space Station, a cryptocurrency platform that went public on Friday, reserved nearly 30% of its IPO shares for retail investors, far exceeding the traditional 6% allocation. The stock closed up 14% on its first day to $32, giving the company a market capitalization of approximately $3.8 billion. Last month, the cryptocurrency exchange Bullish also allocated 20% of its shares to retail investors when it went public. Sources said that a large retail allocation helped avoid even larger first-day surges. Analysts believe that this trend is actually a rethinking of IPO pricing strategies. Although the surge in the first-day prices of many large IPOs this year seems to be a good thing, it actually means that companies and early investors have missed out on billions of dollars in financing opportunities. Wall Street bankers are trying to alleviate this problem by increasing the proportion of retail investors.