Peter Thiel-Backed Crypto Firm Bullish Aims to Raise $629M in IPO
Key Takeaways
- Cryptocurrency exchange Bullish plans an initial public offering, targeting a valuation of more than $4 billion.
- The company backed by billionaire Peter Thiel expects to sell 2.3 million shares at $28 to $31 each.
- BlackRock and Cathie Wood’s ARK Investment Management have already agreed to invest in Bullish.
Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, said it would be seeking a valuation of more than $4 billion in an initial public offering (IPO).
In a regulatory filing Monday, the company said it would be offering for sale 20.3 million shares at a price range of $28 to $31 each, or as much as $629.3 million. In addition, the underwriters have 30 days from the publication of the prospectus…
