Blackrock Inc. intends to acquire roughly 10% of the shares offered in Circle Internet Group Inc.’s upcoming initial public offering (IPO).
Report: Blackrock Eyes 10% Stake in Circle’s IPO
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Bloomberg first reported the news, citing people familiar with the matter. The move positions the world’s largest asset manager at the center of a high-profile public debut linking Wall Street with digital assets. The report follows Circle’s announcement that it will offer 24 million Class A shares, priced between $24 and $26, as it prepares to list under the ticker “CRCL” on the New York Stock Exchange. Blackrock’s potential stake would amount to approximately $60 million to $62 million worth of shares, depending on the final IPO pricing. Blackrock has been deepening its exposure to the crypto sector in recent years, notably through its role as a partner and custodian for some of Circle’s USDC reserves.
