Bullish To Raise $629M Via IPO At $4.2B Valuation

Bullish, a crypto platform backed by billionaire Peter Thiel, is trying to elevate as much as $629 million by way of an preliminary public providing (IPO).

In an up to date F-1 submitting with the US Securities and Trade Fee (SEC), the crypto change operator and CoinDesk proprietor outlined plans to problem 20.3 million shares priced at between $28.00 and $31.00. 

That will worth Bullish at $4.2 billion. If accepted, shares within the firm may begin buying and selling as early as Aug. 12.

BlackRock And ARK Make investments Have Indicated Curiosity In Bullish Shares

In line with the submitting, main monetary establishments have already indicated curiosity in Bullish shares. 

Amongst these establishments are funding accounts managed by subsidiaries of asset administration large, BlackRock, and Cathie Wooden-led asset supervisor, Ark Make investments. These accounts have signaled their intention to purchase as much as $200 million in Bullish shares on the IPO worth.

Bullish, a cryptocurrency change has filed for an IPO on the NYSE underneath the ticker $BLSH

Right here’s a thread with key particulars concerning the upcoming IPO.

🧵 👇 pic.twitter.com/xY2SJJRD7A

— John Muchow, MSCS (@JohnMuchow) August 4, 2025

Among the proceeds shall be transformed into US dollar-denominated stablecoins, the submitting mentioned. 

A number of Crypto Corporations Pursue Public Listings

Bullish is the most recent in a collection of crypto corporations pursuing public listings, and follows the profitable public debut of USD Coin (USDC) issuer, Circle. Shortly after its itemizing, the corporate’s shares had been up 500% at one level. It has since pulled again, however remains to be up greater than 138% from its debut, information from Yahoo Finance exhibits. 

Crypto-focused asset supervisor Grayscale Investments has additionally jumped on the pattern with its personal confidential draft registration assertion, whereas crypto change Kraken is eyeing a 2026 IPO at a $15 billion valuation. BitGo filed for a US public providing in July as properly, however didn’t disclose the variety of shares or its focused valuation.

There are additionally studies that OKX is contemplating its personal IPO after resuming operations within the US in April this 12 months. 

Associated Articles: 

Finest Pockets – Diversify Your Crypto Portfolio

Straightforward to Use, Characteristic-Pushed Crypto Pockets
Get Early Entry to Upcoming Token ICOs
Multi-Chain, Multi-Pockets, Non-Custodial
Now On App Retailer, Google Play
Stake To Earn Native Token $BEST
250,000+ Month-to-month Lively Customers