Bullish, the Digital Asset Exchange supported by the billionaire investor Peter Thiel, filed confidential documents with the Securities and Exchange Commission (SEC) of the United States for a first public offer (IPO), according to sources cited by the Financial Times.
American Investment Bank Jefferies has been used as a main subscriber for the offer, according to the report. Bullish did not publish a public declaration on his plans.
This decision is optimistic among a wave of cryptographic companies that seek to capitalize on the renewed enthusiasm of investors and a more user -friendly regulatory tone under US President Donald Trump.
The company, which previously attempted to become public via an acquisition company agreement for special purposes (SPAC) in 2021, has seen its previous efforts collapse while the markets were relieved in an increase in interest rates.
In relation: Circle Stock jumps 167% on the beginnings of NYSE
Crypto Ipo Success Inspire Haussier
Recent successes in the IPO Crypto space seem to have embarked on the Bullish movement. Circle, the emitter of the USDC stablecoin (USDC), raised $ 1.1 billion in its public beginnings last week, exceeding expectations and marking a record gain of 167% on its first day of negotiation.
On June 6, Gemini, the exchange founded by Cameron and Tyler Winklevoss, also tabled in any configuration for an American list. The two brothers supported Trump’s re -election offer and supported the crypto political action committees.
On May 14, the social trading platform Etoro officially made its debut on the Nasdaq, under the Ticker Etor, following a confidential deposit of the SEC and the appointment of Goldman Sachs to direct the process.
Bullish is led by CEO Tom Farley, former president of the Nyse group. Thiel, a first supporter of Bitcoin (BTC), previously donated to Trump’s electoral campaign in 2016.
In relation: Circle increases the IPO to $ 896 million in the interests of strong investors
Crypto lists become stock exchange
Despite the recent increase in the activity of the IPOs, the data show that the cryptography lists continue to surpass those on the traditional scholarships.
According to a CoinmarketCap report shared on April 3, the average return on investment (king) for the tokens listed on the main exchanges of cryptography in the last 180 days exceeded 80%. This performance exceeds that of the main stock market indices such as the Nasdaq and Dow Jones.
The report also revealed that 68% of cryptographic announcements delivered a positive return on investment, exceeding 54% of the NYSE and 51% of the NASDAQ.
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