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NEW: Peter Thiel-backed crypto exchange @Bullish plans to raise up to $629M in US IPO, targeting $4.2B valuation, according to its SEC filing. https://t.co/qcmWBflTXe
$CRWV's $9B all-stock deal to buy $CORZ is running into pushback. Some major Core Scientific shareholders say the offer — now worth just over $13/share, down from $20.25 when announced — undervalues the company after CoreWeave’s stock dropped 30% since July. They're demanding https://t.co/CyYo2kGdj6
Sources: Core Scientific's hedge fund shareholders may reject CoreWeave's all-stock merger bid, seeking better terms, as CRWV has fallen 30%+ post-announcement (Financial Times) https://t.co/RNkifMXxXB https://t.co/9eJCjKAHPv https://t.co/ZOzeer2dpR
Bullish, a cryptocurrency exchange operator backed by billionaire Peter Thiel and owner of media outlet CoinDesk, has filed for an initial public offering (IPO) in the United States. The company plans to offer 20.3 million shares priced between $28 and $31 each, aiming to raise up to $629.3 million. This IPO would value Bullish at up to $4.2 billion. The offering is being underwritten by JPMorgan and Jefferies. Bullish's filing comes amid increasing regulatory clarity in the digital asset sector and follows momentum seen in previous crypto IPOs such as Coinbase and Circle. The company intends to list its shares on the New York Stock Exchange (NYSE).
