Peter Thiel-Backed Crypto Exchange Bullish Aims to Raise $629 Million in $4.2 Billion U.S. IPO on NYSE
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).
Sources
crypto.news
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
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