Peter Thiel Bullish will raised USD $ 629 million for leaving the New York Stock Exchange

By Hannah Pérez

Exchange Bullish updated its IPO plan. “ANDl Sector of digital assets is at a turning point in terms of its institutional adoption and Bullish occupies a unique position ”the CEO declared.

***

Exchange Bullish updated its regulatory prospect for an IPO in the US.
Plan to sell 20.3 million shares at a price between USD $ 28 and USD $ 31.
Blackrock and Ark would be interested in buying shares at the IPO.
Other cryptocurrency companies also plan extending with Trump to power.

Cryptocurrency exchange Bullishwhich has the support of billionaire Peter Thiel, plans to raise up to USD $ 629 million for public departure in the New York Stock Exchange.

In a regulatory prospect, the company revealed that it intends to sell 20.3 million shares at a price between USD $ 28 and USD $ 31, which would grant Bullish An assessment of USD $ 4.2 billion, several news media reported by citing the document.

Bullish He officially initiated the process to become a company that quotes in the stock market in the United States in June, when he confidentially presented the paperwork for an initial public offer (IPO) before the stock exchange and values commission (SEC).

Last month, the company presented a F1 form, an essential requirement for listing actions in the US market. Today’s F1 document is a modification of the prospect of the previous month.

The funds administered by Blackrock and Ark Investment They have shown interest in buying shares worth up to USD $ 200 million at the price of the IPO, according to a report from COINDESK which cites the modified F-1 record. The subscribers of the offers have the option of buying 3,045 million additional shares, depending on the demand.

The company, which plans to quote under the “BLSH” symbol, said it will use IPO income for general corporate purposes and possible future acquisitions. JPMorgan and Jeffries They are the main subscribers that help the company with its public launch.

Bullish in the race for an IPO in the US.

Founded in May 2021, Bullish Develop financial services for the digital asset sector and operates a cryptocurrency trade platform “Centering institutional and market infrastructure”pray your website.

The company provided an estimate of net income of between USD $ 106 million and USD $ 109 million for the second quarter, reported COINDESK. This came after the first quarter, recorded a loss of 349 million dollars after informing a gain of 80 million dollars for all 2024, adds that publication.

In the presentation, Bullish He revealed that he owns more than 3 billion dollars in liquid assets, including 24,000 Bitcoins (BTC), 12,600 Ethereum (Eth) and more than 418 million dollars in cash and Stablecoins. That total, said the company, also includes funds supplied to decentralized financial protocols, according to coverage.

The effort of Bullish To go to the stock market this year occurs in a moment of enthusiasm and renewed interest in digital assets, largely motivated by pro-descriptomoned policy of the administration of Donald Trump. Favorable regulatory changes have also motivated other companies such as Grayscale and Gemini To look for IPO in the United States.

“Now we intend to go over because we believe that the digital asset sector is starting its next growth stage“, Said the CEO of BullishTom Farley, in the registry.

“We also believe that becoming a company that lies in the stock market contributes to our business key advantages: greater credibility to partners, counterparts and regulators; access to capital; and a currency with which to make strategic acquisitions“He added.

I believe that the digital asset sector is at a turning point in terms of its institutional adoption and Bullish occupies a unique position in the center of this market.

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

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.