Peter Thiel-Backed Bullish Quietly Files for IPO as Crypto Firms Eye Wall Street
Digital asset exchange Bullish, supported by billionaire investor Peter Thiel, is making a stealthy move toward going public.
Sources familiar with the matter say the company has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, with investment bank Jefferies leading the effort.
This step comes amid a broader push from crypto firms looking to capitalize on shifting regulatory winds and renewed investor interest under the Trump administration. Bullish had previously explored a public listing via a SPAC in 2021, but the plan unraveled amid unfavorable market conditions.
The IPO landscape for crypto firms has recently gained momentum. Circle, the issuer of USDC, made a splash with a $1.1…
