Bullish, by Peter Thiel, raises a goal from its IPO to almost USD $ 1 billion and upload price per share per share

The cryptocurrency platform Bullish significantly elevates its objective for the IPO, increasing the estimated price by action and the number of titles offered.

***

• Bullish Under the target price of USD $ 28-31 to USD $ 32-33 per share.
• The number of shares offered goes from 20.3 to 30 million.
• It could raise up to USD $ 990 million if it reaches the maximum price.

The cryptocurrency platform Bullish, Backed by multimillion -dollar technological investor Peter Thiel, announced Monday that he will increase his expectations for his initial public offer (IPO), with the aim of raising almost USD $ 1 billion for exit to the US stock market.

The company had indicated last week that aspired to capture up to USD $ 629 million with its IPO, which implied an assessment close to the USD $ 4.2 billion. However, the new projection significantly increases the scope of the operation, according to recently published reports.

Details of the new plan IPO

In a statement, Bullish He informed that It will expand the number of ordinary shares offered from 20.3 million to 30 million and that will increase the estimated price range per share, from USD $ 28-31 to USD $ 32-33.

If the 30 million shares are sold at the maximum price of USD $ 33, the company would get USD $ 990 million. The firm also reported that it plans to grant subscribers a 30 -day option to acquire up to 4.5 million additional shares at the price of the IPO, minus the corresponding discounts and commissions.

The strategy of Bullish

Bullish He confidentially submitted his request for a IPO In June, a mechanism that allows companies to prepare their IPO without initially disseminate their financial data. This modality has become common among companies that seek flexibility before revealing their information to the market.

In the current context, several companies linked to the crypto ecosystem are resorting to the stock market to strengthen their capital. This includes both traditional public offers and broadcasts through “Digital Asset Treasuries” (dats).

A recent example of this impulse is Circle Internet Group (symbol CRCL)whose exit to the bee was qualified as highly successful. His shares shot more than 500% in just a few weeks after their market debut.

The case of Bullish It is presented as another step in the growing convergence between traditional finances and the world of digital assets, where companies seek to take advantage of investors’ appetite by the expanding crypto sector.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter