SCHEDULE: IDG-Affiliated Group Discloses 10.1% Stake in Circle Internet Group

A group of entities and individuals affiliated with IDG China Capital have disclosed a combined 10.1% beneficial ownership stake in Circle Internet Group, Inc.'s Class A common stock.

Summary

• Chuang Xi Capital Ltd, Wide Palace Ltd, IDG-Accel China Capital GP II Associates Ltd., IDG China Capital Fund GP III Associates Ltd., Chi Sing Ho, and Quan Zhou collectively reported beneficial ownership of 20,947,536 shares of Circle Internet Group, Inc.'s Class A common stock.
• This aggregate ownership represents 10.1% of the Class A common stock outstanding, calculated based on 207,650,578 shares outstanding immediately after the issuer's public offering.
• Chuang Xi Capital Limited holds 7,738,839 shares with sole voting and dispositive power, while Wide Palace Limited holds 13,208,697 shares with sole voting and dispositive power.
• IDG-Accel China Capital GP II Associates Ltd. is the ultimate general partner for Chuang Xi Capital Limited's holding entities, and IDG China Capital Fund GP III Associates Ltd. is the ultimate general partner for Wide Palace Limited's holding entities.
• Chi Sing Ho and Quan Zhou, as directors and shareholders of both general partner entities, are deemed to have shared voting and dispositive power over the entire 20,947,536 shares.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing indicates a significant stake by a group of investment entities and individuals, suggesting a notable institutional interest in Circle Internet Group, Inc. post-public offering. Such disclosures are common for large investors acquiring a material percentage of a company's stock.

Stakeholder Impact

• Shareholders: The disclosure of a 10.1% stake by a group of related entities indicates a significant concentration of ownership, which could influence corporate governance and strategic decisions.

Key Dates

Keywords

Circle Internet Group, IDG China Capital, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Institutional Investor, Shareholder, Investment