In brief
- Cryptocurrency exchange Bullish formally filed for IPO.
- The exchange aims to raise up to $629 million based on an initial share price of $28-$31.
- The firm previously sought IPO in 2021, but plans were spoiled due to market conditions in 2022.
Cryptocurrency platform Bullish publicly filed its F-1 registration with the SEC on Monday, signaling its plan to offer 20,300,000 ordinary shares in an initial public offering (IPO) which would raise up to $629 million.
The Peter Thiel-backed firm expects to offer its shares in the range of $28-31 dollars, providing a valuation of somewhere between $3.8 and $4.2 billion based on the expected shares outstanding following the offering.
“We now intend to IPO because we believe that…
