- Bullish raises $1.11B in IPO, listing on NYSE at $5.41B valuation.
- Institutional investors BlackRock and Ark Invest commit $200M.
- Firm holds $3B in assets, including BTC, ETH, and stablecoins.
Crypto trading platform Bullish has gone public, being listed on the New York Stock Exchange today under the ticker symbol BLSH. The company raised a massive $1.11 billion in its initial public offering (IPO), pricing 30 million shares at $37 each, well above the expected range. The IPO gives the company a valuation of $5.41 billion, making it one of the largest public debuts for a crypto exchange.
The final deal was significantly larger than originally planned. Regulatory filings from early August had outlined a plan to raise up to $629 million. But by August 11, Bullish revised its plans, increasing the offering to 30 million shares at a price range of $32 to $33, with the final sale price exceeding expectations.
Backed by Wall Street Giants
Institutional investors participated in the role for the offering. BlackRock and Ark Invest invested a combined $200 million stake. The company’s leadership includes Tom Farley, a former president of the NYSE, and has back…
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Source: https://coinedition.com/bullish-blsh-ticker-nyse-ipo-1-11-billion/