Bullish, Exchange crypt backed by Peter Thiel, requests an IPO in the US

By Hannah Pérez

Bullish’s confidential request from an initial public offer (IPO) in the United States occurs immediately after the stock market success of Circle. Gemini of the Winklevos also request an IPO.

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• Bullish cryptocurrency exchange presents a confidential IPO in the US.
• He had previously sought to become public in the United States, and now confirms his ambition.
• The application arises just after the successful Circle debut and in the midst of renewed enthusiasm.

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Bullishthe exchange of cryptocurrencies that is backed by billionaire Peter Thiel, is advancing in its ambition to turn into a public company in the United States.

According to a report of Financial Times, Bullish He has confidentially submitted an application for an initial public offer (IPO) before the stock and values ​​commission (SEC), the main US financial regulator.

An IPO is the process through which a private company offers its actions to the public for the first time in a stock market. This makes the company a public company and allows it to raise capital through the sale of shares to institutional and retail investors. In the United States, this process requires the approval of the SEC.

Founded in May 2021, Bullish It develops financial services for the digital asset sector and operates a cryptocurrency trade platform, according to its website. It is a subsidiary of the firm of Blockchain software, block.onebacked by the co -founder of PayPal and enthusiastic investor of cryptocurrencies, Peter Thiel.

The movement occurs after a separate report from Bloomberg At the beginning of the year he will reveal the intentions of Bullish to become public. At that time, it was reported that the company was evaluating the plans.

Bullish He had planned to be public in 2021, during the previous bullish cycle. At that time, it was reported that the company was in the process of a special purpose acquisition agreement (SPAC) prior to a bag launch, but those plans did not advance.

Bullish looking for an IPO, follows Circle

People familiar with the matter told Financial Times that the startup presented confidential documents before the SEC in recent weeks to initiate the process, with Jefferies serving as the main subscriber, according to the report. The confidential presentation allows Bullish Prepare for a public contribution while maintaining private financial details for now.

The last IPO effort of Bullish It occurs in a moment of enthusiasm around digital assets, largely by pro-descriptomoned policy signals of the incoming administration of Donald Trump. Bitcoin (BTC) reached a new historical price close to USD $ 112,000 last month.

To specify your ambition, Bullish It would join a growing list of companies in the cryptocurrency industry that seek to make public in the United States in the middle of the perspective of a favorable environment for the sector with Trump to power. Circlethe station of the Stablecoin USDC, and the brokerage platform ETOROthey recently debuted in the bag.

The public departure of Circle It was widely successful, with its actions up 200% on the first day of negotiations. Shortly after, cryptocurrency exchange Geminiof the Winklevos twins, announced its request from an IPO.

Directed by CEO, Tom Farley, Bullish It has more than 275 employees and has offices in the United States, Hong Kong, Singapore, Gibraltar and the Cayman Islands, according to reports Bloomberg based on company website data.

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Hannah Estefanía Pérez / Diariobitcoin

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