Peter Thiel-Backed Crypto Exchange Bullish Files for U.S. IPO on NYSE at $4.23B Valuation
Main Idea
Bullish, a cryptocurrency exchange backed by Peter Thiel, has filed for a U.S. IPO on the NYSE, targeting a valuation of up to $4.2 billion, with BlackRock and ARK Investment Management showing interest in purchasing shares.
Key Points
1. Bullish filed for an IPO in the U.S., planning to offer 20.3 million ordinary shares, potentially raising up to $568 million.
2. The company aims to list on the NYSE under the ticker BLSH, targeting a valuation of up to $4.2 billion.
3. BlackRock and ARK Investment Management have expressed non-binding interest in purchasing up to $200 million worth of shares.
4. Bullish is backed by institutional players including Peter Thiel’s Founders Fund and Galaxy Digital.
5. If approved, this would be one of the largest public market entries by a crypto firm in 2025.
Description
Crypto exchange Bullish, backed by billionaire investor Peter Thiel, filed for an initial public offering (IPO) in the United States on Monday. According to its preliminary prospectus, the company plans to offer 20.3 million ordinary shares at a proposed price range of $28.00 to $31.00 per share. Based on that pricing, the offering could raise between $568 million and $629 million. Bullish has applied to list its shares on the New York Stock Exchange (NYSE) under the ticker BLSH. If approved, it...
Latest News
- Solana Price Prediction: Cup and Handle Pattern Confirmed – Final Dip Before $900 Target2025-08-04 19:34:02
- Ant Group’s Topnod Launches 1–4 USD Blockchain Art; 4,088 Pieces Gone in 3 Hours2025-08-04 19:15:14
- CrediX DeFi Protocol Exploited as Hacker Gains Admin Rights, Drains Pool2025-08-04 18:48:26
- Capital B Raises $13.3M Through Convertible Bonds to Expand Bitcoin Treasury Strategy2025-08-04 18:36:30
- $XLM Jumps 5% to $0.41 After PayPal PYUSD and Visa Deals – Is $0.46 Next?2025-08-04 17:53:15