Tom Farley, chief executive officer of Bullish Global, during a Bloomberg television interview on the touch of the Consensus cryptography conference in Hong Kong, China, Wednesday, February 19, 2025.
Lam Yik | Bloomberg | Getty images
Bulish cryptocurrency exchange assessed its initial public offer at $ 37 per share, greater than the expected range from $ 32 to $ 33 and giving it total market value of $ 5.4 billion.
The company will collect $ 1.1 billion in the offer of 30 million shares. To the extent of the increase in the appetite of investors, Haussier increased the number of shares sold in the IPO of 20.3 million, which were initially sold between $ 28 and $ 31 per share.
Bullish has granted its subscribers, directed by JPMorgan, Jefferies and Citigroup, an option of 30 days to sell 4.5 million additional shares. Hauver actions will be negotiated on the New York Stock Exchange under the symbol of Ticker “BLSH”.
Blackrock and Cathe Wood’s Ark Investment Management have indicated the advantage of buying up to $ 200 million from shares.
Bullish, led by the former president of the New York Stock Exchange, Tom Farley, and whose headquarters are in the Cayman islands, is an exchange of cryptocurrency which is aimed at institutional investors and brings together decentralized funding protocols with the safety of a centralized company.
Since its launch in 2021, the total trading volume on the upward platform has exceeded 1.25 Billion of dollars on March 31.
Bullish also has the Crypto Newsk Crypto Newsk website, which includes crypto, data and analysis indexes.
This is the second attempt to make public during the four years that followed its introduction. Donors, including the billionaire co-founder Paypal Peter Thiel, are looking to take advantage of the Trump administration’s favorable attitude towards Crypto, which has invigorated the capital markets this year.
In June, Stablecoin Transmitter Circle made a very successful start on the stock market, raising more than a billion dollars. This followed the transfer to the NASDAQ (Toronto) of the IPO of Mike Novogratz Galaxy Digital and Stock and Crypto Trading of the Trading and Crypto application which appreciated it at $ 5.4 billion. Crypto Bitgo and Crypto Exchange Gemini’s Crypto Startup also posted confidentially for American lists.
