BlackRock eyes 10% stake in Circle's IPO

BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the issuer of the USDC stablecoin, is aiming to raise $624 million in its initial public offeringCathie Wood’s Ark Investment Management is also interested in buying $150 million worth of shares in the offering.  Circle launched its offering of 24 million shares of Class A common stock on May 27 source: https://cointelegraph.com/news/blackrock-eyes-10-stake-in-circle-ipo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound