Cryptocurrency exchange Bullish has announced a significant increase in the size of its initial public offering, allowing the company to raise more funds amid growing interest in the crypto market.
Bullish IPO Updates
Bullish has increased the size of its IPO to 30 million shares, which will be sold at a price between $32 and $33 each. This increase raises the potential deal size from $629 million to $990 million. Previously, the company aimed to offer 20.3 million shares priced between $28 and $31, according to a confidential filing with the U.S. Securities and Exchange Commission (SEC) two months ago.
Crypto Market and IPO Trends
The recent successes of IPOs within the crypto sector have led to an increase in the number of companies going public through IPOs, mergers, or reverse takeovers. The successful IPO of Circle in June 2025, which raised $1.2 billion, has acted as a trigger for rising market valuations. Analysts attribute the growing frequency of crypto listing applications to the favorable policies of the U.S. President Donald Trump administration and positive market examples like Circle's debut.
Bullish Leadership and Management
Bullish, based in the Cayman Islands, is led by former New York Stock Exchange President Tom Farley. The exchange is anticipated to list on the New York Stock Exchange under the ticker symbol BLSH. Major firms managing the offering include JPMorgan Chase & Co., Jefferies Financial Group Inc., and Citigroup Inc.
The increase in Bullish's IPO volume highlights the growing interest in the cryptocurrency industry and the changing market conditions, which may present new opportunities for investors.
