Bullish, a cryptocurrency exchange backed by notable investor Peter Thiel, is preparing for a listing on the New York Stock Exchange (NYSE), aiming to raise up to $629.3 million.
Bullish's NYSE Debut
Bullish has announced its listing date on the NYSE, which is scheduled for August 13, 2025. The IPO will offer 20.3 million shares priced at up to $31 each.
Institutional Interest in the IPO
There is significant interest from institutional investors such as BlackRock and ARK Investment, who may purchase shares worth up to $200 million. This move is anticipated to be a pivotal moment for Bullish's growth and market presence.
Cryptocurrency Market Trends
The cryptocurrency market is demonstrating optimistic sentiments regarding Bullish's expected listing, which may enhance the mainstream acceptance of cryptocurrency exchanges. However, no significant official statements from key industry players are noted at this time.
Bullish's entry into the stock market marks a significant step for the company and may increase institutional acceptance of cryptocurrencies, contributing to broader recognition in wider circles.
