Bullish prices IPO at $37 per share, valuing crypto exchange above $5 billion ahead of market debut
Cryptocurrency exchange operator Bullish (BLSH) is set to go public on Wednesday at a valuation north of $5 billion as the IPO market looks set to continue a strong summer.
The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, said Tuesday that it had priced its IPO at $37 per share, above the $32 to $33 range the company had expected in its second shot at making a public market debut.
Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration.
This is the company’s second range increase for its latest offering, with the previous $32 to…
