Circle IPO set for early June amid BlackRock interest, but pre-IPO deal unlikely

Stablecoin issuer Circle’s initial public offering (IPO) is expected to launch the week of June 2, with pricing and schedule already finalized. While BlackRock has shown interest in acquiring a 10% stake, Freedom Capital Markets strategist Jay Woods says such a deal is rare this late in the process, according to Blockworks. Market conditions are improving, and both retail and institutional interest—like ARK’s potential $150 million purchase—signal strong demand ahead.