Bullish to pick up $ 629 million via IPO for $ 4.2 billion rating

Bullish, a crypto platform that is supported by billionaire Peter Thiel, wants to pick up up to $ 629 million via a first public offer (IPO).

In one Updated F-1 invention With the US Securities and Exchange Commission (SEC), the Crypto Exchange operator and the owner of Coindesk outlined to issue 20.3 million shares that are priced between $ 28.00 and $ 31.00.

Bullish would appreciate that at $ 4.2 billion. If approved, shares in the company can already start acting on 12 August.

BlackRock and Ark Invest have indicated interest in Bullish shares

According to the submission, major financial institutions have already indicated interest in Bullish shares.

Under those institutions, investment accounts have been managed by subsidiaries from Asset Management Giant, BlackRock and Cathie Wood-guided asset manager, Ark Invest. These accounts have indicated that their intention to buy up to $ 200 million in bullish shares at the IPO price.

Bullish, a cryptocurrency exchange has requested an IPO on the NYSE under the ticker $ BLSH

Here is a thread with important details about the coming IPO.

🧵 👇 pic.twitter.com/xy2sjjrd7a

– John Muchow, MScs (@johnmuchow) August 4, 2025

Some proceeds are converted into by the US dollar-related Stablecoins, according to the application.

Multiple Crypto companies follow public entries

Bullish is the newest in a series of crypto companies that pursue public entries and follows the successful public debut of USD Coin (USDC) Emittent, Circle. Shortly after the offer, the shares of the company increased by 500%at some point. It has since withdrawn, but has still risen more than 138% compared to his debut, facts from Yahoo Finance shows.

Crypto-oriented asset manager Grayscale Investments has also risen on the trend with its own confidential concept registration declaration, while crypto Exchange Kraken looks at an IPO of 2026 with a rating of $ 15 billion. Bitgo also presented an American public offer in July, but did not disclose the number of shares or the intended appreciation.

There are also report That OKX is considering its own IPO after resuming activities in the US in April this year.

Related articles:

Best Wallet – Diversity your Crypto -Portfolio

• Easy to use, with function driven crypto-wallet
• Get early access to upcoming token ICOs
• Multi-chain, Multi-Wallet, Non-requiring
• Now in App Store, Google Play
• Commitment to earn native token $ best
• 250,000+ monthly active users