US EditionBlackRock (BLK) Eyes 10% Stake in Circle’s IPO, Joins ARK as Potential Buyer: Bloomberg
- Circle Internet Group Inc., issuer of the USDC stablecoin, plans to price its IPO on June 4, 2025, in the United States.
- This IPO follows a delayed SPAC merger attempt and reflects growing interest from traditional finance amid stablecoin market expansion.
- BlackRock aims to acquire about 10% of the offering’s 24 million Class A shares, while Ark Investment Management expressed interest in $150 million worth.
- The IPO seeks to raise approximately $624 million, with orders reportedly exceeding available shares, signaling strong market demand.
- If completed, BlackRock’s investment would deepen traditional finance’s involvement in crypto and further integrate stablecoins like USDC into finance.
30 Articles
30 Articles
BlackRock Is Said to Plan to Buy Shares in Circle Internet IPO
BlackRock Inc. plans to acquire about 10% of the shares offered in Circle Internet Group Inc.’s initial public offering, according to people familiar with the matter, as the worlds of traditional finance and cryptocurrency continue to deepen their ties.
Summary: BlackRock plans to acquire 10% of Circle's shares during its stock market introduction, marking a significant commitment from traditional finance to the cryptocurrency Circle aims to raise $624 million via its IPO scheduled on June 4th on the New York Stock Exchange, with a demand that far exceeds the available supply BlackRock already manages $30 billion in reserves for Circle, representing 90% of the guarantees of the stablecoin USDC …
Circle prepares for IPO with interest from BlackRock and ARK
Circle, the firm behind the second-largest stablecoin, USDC, is preparing for its initial public offering (IPO). It’s expected to offer a total of 24 million shares, with 14.4 million coming from existing shareholders, and it’s hoping to offer the shares between $24 and $26. This would value the firm at up to $5.65 billion, according to Bloomberg. The S-1 filing from Circle notes that ARK Investment Management has “indicated an interest in purch…
Circle, the company issuing the USDC, will soon enter the stock exchange. While the biggest names of finance have been cited to accompany the company in its project, we learn that BlackRock, the largest asset manager in the world, wants to get 10% stakes at its home. BlackRock article wants to acquire 10% of Circle's shares, the issuer of the 2nd most capitalised stablecoin in the crypto market appeared first on Cryptoast.
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