BlackRock Inc. (NYSE: BLK) is the largest asset manager in the world, with $9.42 trillion in assets under management (AUM) as of June 30, 2023. It was funded in 1988 and had an Initial Public Offering (IPO) in September 1999.
Interestingly, BlackRock stock’s initial offering was at $14 per share on the New York Stock Exchange (NYSE) and the investment company was managing $165 billion in assets by the end of 1999.
It was in 2009 that BlackRock became the largest asset manager in the world…
