BlackRock Eyes 10% Stake in Circle IPO Targeting $624 Million Raise


BlackRock reportedly plans to acquire approximately 10% of Circle's upcoming initial public offering.


The asset management giant joins ARK Invest in showing significant interest, with ARK targeting $150 million in shares.


Circle launched its offering of 24 million Class A common stock shares on Tuesday, aiming to raise $624 million in total.


The $USDC issuer has received orders for multiple times the available shares, indicating strong investor demand.


Circle holds 24.6% of the stablecoin market with a $60.9 billion market cap, trailing only Tether's dominance.


The company reported $1.67 billion revenue in 2024, up 16% year-over-year, though net income declined 41.8%.


Circle's #stablecoin IPO represents a major milestone for the digital asset industry's institutional adoption.

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May 28, 2025 at 11:18 PM
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