I have a cryptocurrency exchange brush supported by Peter Thiel announcement The size of the initial public offering (IPO) has increased significantly, with the aim of raising approximately $990 million.
According to the recent Submit By the Securities and Exchange Commission (SEC), the company is planning to offer 30 million shares, priced at $32 to $33 each, with a market valuation target of approximately $4.8 billion.
This indicates a significant shift from previous proposals. This includes selling 20.3 million shares in a low price range of $28 to $31, with a valuation target of $4.2 billion.
Bullish Crypto Exchange Sets IPO Plans
The former is led New York Stock Exchange (NYSE) Bullish President Tom Farley has recognized underwriters employing JPMorgan, Jefferies and Citigroup, and is a 30-day option selling an additional 4.5 million shares.
Once the new product is completed, Crypto Exchange stocks will be traded on the New York Stock Exchange under the ticker symbol “BLSH”.
The Confidence Show has major investment companies such as BlackRock and Ark Investment Management, the world’s largest asset managers, and Cathy Wood, showing interest in acquiring up to $200 million. BLSH Share.
This interest reflects the new investor enthusiasm and broader trends in regulatory support for the cryptocurrency sector under President Donald Trump’s new administration. debut of the Stablecoin Issuer Circle (CRLC).
Joining crypto companies in the national market
The bullish crypto exchange, established in the 2021 “The Year of the Bull,” outlined plans to convert a significant portion of the early public offering revenue into. stablecoinsworking with cryptocurrency issuers covered in one or more dollars to facilitate this transition.
This decision follows recent ones signature President Donald Trump’s actions on laws of geniuses. The country’s first crypto bill establishes a new framework for stubcoins to flourish and integrate into the traditional financial sector.
Despite its ambitious planning and positive market environment, it is bullish It has been reported The $349 million loss for the quarter ending March 31st is in stark contrast to the $105 million profit recorded at the same time last year.
As Bullish prepares for an IPO, it joins a wave of crypto companies entering the public market, such as Mike Novogratz’s Galaxy Digital, which has recently risen to Nasdaq, and Etoro, which has started trading to the public.
Additionally, Crypto Custody Startup Bitgo and the Winklevoss-Run Gemini Crypto Exchange have secretly submitted their renewed interest in cryptocurrency investments under a more favorable US regulatory environment.
Among these developments, the total cryptocurrency market capitalization hit a new record high of $4 trillion on Monday, with Bitcoin (BTC) once again surpassing the $120,000 threshold.
However, despite early momentum on Monday, the total market capitalization has since receved and stabilized at around $3.93 trillion.
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