The company has confidentiality filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), according to a Wednesday (June 11) Financial Times (FT) report citing two sources familiar with the matter.
PYMNTS has contacted Bullish for comment but has not yet gotten a reply.
Bullish tried to go public in 2021 via a merger with special purpose acquisition company (SPAC) Fair Peak. However, the two firms called off the plan due to regulatory hurdles in late 2022.
But that was under a different administration. With crypto-friendly President Donald Trump in office, investors have grown much more enthusiastic…