BlackRock To Buy 10% Of Circle USDC IPO Offering

BlackRock plans to acquire 10% of the shares in Circle’s upcoming IPO, as the stablecoin issuer targets a $5.43b valuation by raising up to $624M at $24 per share

Circle aims to list on the NYSE under the ticker “CRCL”

Most shares will be sold by insiders and investors, including CEO Jeremy Allaire and major VC backers, rather than the company itself

Source: The Block