Bullish targets $4.23B IPO in US, aims to raise $629M for stablecoin buys

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Crypto exchange Bullish is targeting a US-based IPO, for a valuation of up to $4.23B. The exchange, backed by Peter Thiel in the past, will start marketing its IPO in a roadshow, tapping the recent regulatory clarity for US crypto entities. The crypto exchange Bullish is starting an IPO roadshow, hoping for a $4.23B valuation, reported Reuters. The market operator, formerly backed by Peter Thiel, is tapping the newly crypto-friendly climate in the USA. The exchange hopes to raise $629M and injec...