Crypto exchange Bullish prices IPO at $37 per share ahead of NYSE debut
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025.
Lam Yik | Bloomberg | Getty Images
Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of $32 to $33 and giving it a total market value of $5.4 billion.
The company will raise $1.1 billion in the offering of 30 million shares. In a measure of increased investor appetite, Bullish expanded the number of shares sold in the IPO from 20.3 million, which were originally proposed to be sold at between $28 and $31 a share.
Bullish granted its underwriters, led by JPMorgan, Jefferies and…
