BlackRock (BLK) Eyes 10% Stake in Circle’s IPO, Joins ARK as Potential Buyer: Bloomberg

BlackRock (BLK) Eyes 10% Stake in Circle’s IPO, Joins ARK as Potential Buyer: Bloomberg

Circle filed for an initial public offering on Tuesday.

BlackRock Planning to Acquire 10% of Circle IPO Shares

$11 trillion asset manager BlackRock is planning to acquire 10% of shares in USDC stablecoin issuer Circle's IPO

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.

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.

Why an acquisition of Circle may be off the table as its IPO approaches

Jay Woods, Chief Global Strategist at Freedom Capital Markets, said it would be “very rare” for an acquisition to happen since the IPO may occur as soon as next week