BlackRock Targets 10% Stake in Circle's $624M IPO Amid Surging Investor Demand

BlackRock Targets 10% Stake in Circle's $624M IPO Amid Surging Investor Demand

BlackRock Inc. is reportedly poised to acquire approximately 10% of the shares offered in Circle Internet Group Inc.'s forthcoming initial public offering (IPO). This move underscores the deepening integration between traditional financial institutions and the burgeoning cryptocurrency sector. Circle, the issuer of the USDC stablecoin, initiated its IPO on May 27, aiming to raise up to $624 million by offering 24 million Class A common shares...

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