Circle IPO Today Pricing Subscription Demand Strong
Stablecoin issuer Circle Internet Group will determine the final pricing of its initial public offering (IPO) today. According to sources, this IPO has garnered significant market attention, with subscription demand far exceeding the total issuance.
BlackRock plans to subscribe for approximately 10% of the issued shares, demonstrating its long-term confidence in the stablecoin market. Additionally, Ark Invest has expressed interest in subscribing for shares worth $150 million.
Circle is the issuer of the USDC stablecoin, and currently, over 90% of USDC's reserves are held in government money market funds managed by BlackRock. This arrangement enhances the transparency and compliance of its asset backing.
This IPO is viewed as an important step for the stablecoin industry into mainstream capital markets and reflects the growing interest of institutional investors in crypto financial infrastructure.
