Breaking: BlackRock To Acquire 10% of Circle IPO Shares
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. BlackRock and the Interest in Circle According to the Bloomberg report, taking a 10% stake in the stablecoin and payments firm will benefit both entities. As reported earlier by CoinGape, Circle filed for an IPO this month at a market valuation of almost $6 billion. Per a filing with the US Securities and Exchange Commission (SEC), the USDC issuer aims to raise as much as $624 million. It is reaching an agreement with CEO Jeremy Allaire and some shareholders.... Read More at Coingape.com
Crypto Feed:
https://ift.tt/qykxW80
Godfrey Benjamin
CoinGape
The post Breaking: BlackRock To Acquire 10% of Circle IPO Shares appeared first on CoinGape.
Crypto Feed:
https://ift.tt/qykxW80
Godfrey Benjamin
CoinGape
Philpar