Bullish, a crypto trading platform backed by billionaire Peter Thiel, will list on the New York Stock Exchange on August 13 under the ticker symbol BLSH. The company said in a regulatory filing on August 4 that it will sell 20.30 million shares at $28 to $31 per share, up to $629.30 million. In addition, underwriters have 30 days from the date of the prospectus to buy 3.045 million shares.
On August 11, Bullish expanded its initial public offering (IPO) and now targets a valuation of up to $4.82 billion, a significant increase from last week's $4.20 billion target. The new plan is to sell 30 million shares at $32 to $33 per share. At the highest price, Bullish could raise about $990 million.
Bullish was launched in 2020 by Block.one (the blockchain company behind EOS), and BlackRock and Cathie Wood's ARK have said they plan to buy a $200 million stake. In terms of assets, Bullish stated in the filing that the company currently holds more than $3 billion in liquid assets, including: 24,000 BTC, 12,600 ETH, $418 million in cash and stablecoins. The company operates a digital asset trading platform and owns well-known cryptocurrency media CoinDesk.
Crypto trading platform Bullish will list on the New York Stock Exchange today
2025-08-13 04:16:16
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