Bullish Aims for $629M IPO Amid Crypto Market Resurgence
Bullish, the Peter Thiel-backed cryptocurrency exchange, has thrown its hat into the ring with a bold plan to raise up to $629 million through an initial public offering, a move that could value the company at as much as $4.2 billion.
The filing, lodged with the SEC on Monday, signals a strategic pivot for Bullish, which is betting on a resurgent crypto market and a more hospitable regulatory landscape under the Trump administration to finally achieve its public-market ambitions.
The IPO Details: A Second Shot at Going Public
Bullish is offering 20.3 million ordinary shares at a price range of $28 to $31 each, targeting a valuation between $3.8 billion and $4.2 billion. The company plans to list on the New York Stock Exchange under the…
