BlackRock eyes 10% stake in Circle's IPO — Report

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. The offering consists of shares from the company as well as shares of existing stakeholders, including co-founder and CEO Jeremy Allaire.This is a developing story, and further information will be added as it becomes available.Weiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph