• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bullish, Backed by Peter Thiel, Prepares for IPO to Raise Up to $629 Million

user avatar

by Giorgi Kostiuk

14 hours ago

Bullish, a crypto platform backed by billionaire Peter Thiel, is preparing for an IPO to raise up to $629 million.

Details of Bullish IPO

In an updated F-1 filing with the SEC, Bullish has outlined plans to issue 20.3 million shares priced between $28 and $31. If approved, shares could start trading as early as August 12.

Interest from Major Investors

According to the filing, major financial institutions have shown interest in Bullish shares, including investment accounts managed by subsidiaries of BlackRock and Ark Invest, which intend to purchase up to $200 million in shares at the IPO price.

Trends in the Crypto Market

Bullish is the latest among crypto companies seeking public listings, following the successful debut of Circle, the issuer of USD Coin. Other firms like Grayscale Investments and Kraken are also pursuing IPOs in the coming years.

Bullish marks a significant development in the crypto space, reflecting growing interest from financial institutions in this sector. The success of its IPO could further enhance the legitimacy and growth of crypto platforms.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Sidekick (K) Listing on Binance Alpha August 8: An Important Event for Crypto Investors

chest

On August 8, Sidekick (K) will be added to Binance Alpha, opening new opportunities for traders and investors.

user avatarGiorgi Kostiuk

SharpLink Bets on Ethereum, Increasing Its Holdings to $2 Billion

chest

SharpLink becomes the largest corporate holder of Ethereum, increasing its holdings to 521,939 ETH, valued at $2 billion.

user avatarGiorgi Kostiuk

CZ Aims to Dismiss $1.8B FTX Lawsuit Over Jurisdiction Issues

chest

Changpeng Zhao motions to dismiss the $1.8 billion FTX bankruptcy lawsuit, citing lack of jurisdiction under U.S. laws.

user avatarGiorgi Kostiuk

China Issues Warning on Iris Data Collection via Crypto Tokens

chest

China's Ministry of State Security alerts about the risks of foreign firms collecting iris information through cryptocurrency tokens.

user avatarGiorgi Kostiuk

Ethereum Whale Ramps Up Short Position to 70,000 ETH, Threatening Market Stability

chest

A whale's increased short position in Ethereum may lead to market destabilization and increased volatility risks.

user avatarGiorgi Kostiuk

SharpLink Gaming Strengthens Position in Ethereum with New Acquisition

chest

SharpLink Gaming acquired 83,561 ETH, boosting its holdings to $2 billion and highlighting institutional interest in cryptocurrency.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.