BlackRock Is Said to Plan to Buy Shares in Circle Internet IPO
By and Anthony Hughes
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BlackRock Inc. plans to acquire about 10% of the shares offered in Circle Internet Group Inc. 's initial public offering, according to people familiar with the matter, as the worlds of traditional finance and cryptocurrency continue to deepen their ties.
The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million in the offering, according to a US Securities and Exchange Commission filing Tuesday. Cathie Wood's Ark Investment Management has indicated an interest in buying as much as $150 million of shares in the offering, the filing shows.
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