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Cryptocurrency exchange Bullish has formally filed for an IPO, aiming to raise up to $629 million. The Peter Thiel-backed firm seeks to capitalize on renewed market optimism and regulatory easing. This marks Bullish’s second attempt at going public after a failed SPAC merger in 2022.
- Bullish aims for a $3.8-$4.2B valuation in its IPO, offering 20.3M shares at $28-$31 each.
- The exchange previously attempted a $9B SPAC merger in 2021, which collapsed due to market conditions.
- Bullish owns CoinDesk and plans to expand options trading and geographic reach, targeting institutional adoption.
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Other Tags: Peter Thiel, Tom Farley, Gemini, NYSE, OKX, Bullish, CoinDesk, Digital Assets, eToro, New York Stock Exchange