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Bullish plans to raise $629 million through an IPO, with a valuation of approximately $4.2 billion.
According to Hash World News, Bullish has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to issue 20.3 million shares at a price range of $28 to $31 per share, with a maximum fundraising of $629 million and a valuation of approximately $4.2 billion. The company mainly engages in spot, leverage, and derivatives trading, providing liquidity services for stablecoin issuers. In the first quarter of 2025, the sales of digital assets were $80.2 million, with a net loss of $349 million. Bullish acquired CoinDesk for $72.6 million in 2023.
#Bullish # Cryptocurrency #Blockchain # IPO #CoinDesk