#Breaking : BlackRock To Acquire 10% of Circle IPO Shares

Days after it filed for an IPO in the US, stablecoin issuer Circle Internet Financial has drawn interest from BlackRock and Ark Invest

Highlights

As much as 10% Circle stake may be acquired by BlackRock Inc

The Circle IPO is generating significant interest from top finance firms including Ark Invest

Conversations around private takeover deals from Ripple Labs has faded

American multinational investment company BlackRock Inc. has set its sights on stablecoin issuer Circle Internet Financial. As reported by Bloomberg, the firm is looking to purchase as much as 10% of the total shares that the USDC issuer plans to float for its Initial Public Offering (IPO). This is one of the biggest shows of interest reported for the stablecoin giant in its frantic push to become a publicly traded firm.