BlackRock To Take 10% Stake In Circle’s IPO
Posted On May 28, 2025
BlackRock (NASDAQ:BLK) is planning to purchase roughly 10% of the shares to be issued in Circle Internet Group‘s upcoming initial public offering, according to a report.
What Happened: The IPO, led by stablecoin issuer Circle (CRYPTO: USDC) and key shareholders including CEO Jeremy Allaire, aims to raise up to $624 million, as disclosed in a recent filing with the U.S. Securities and Exchange Commission.
Investment firm Ark Invest, led by Cathie Wood, has also shown interest in participating in the public …
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