Bullish, a cryptocurrency exchange operator and media company, plans to conduct an initial public offering (IPO) in the US, attracting significant funds and interest from institutional investors.
Bullish Company and IPO Plans
Bullish has submitted an updated F-1 document to the US Securities and Exchange Commission (SEC), planning to issue 20.3 million shares. If the IPO is approved, the company's value could reach up to $4.2 billion.
Interest from Institutional Investors
Investment accounts managed by subsidiaries of BlackRock and ARK Investment Management have indicated interest in purchasing $200 million worth of shares at the IPO price.
Increase in Crypto IPO Activity
Bullish is not the only crypto company pursuing an IPO. This month, several other companies, including BitGo and Kraken, have also filed for public offerings. This indicates growing interest in crypto assets and significant regulatory progress in the sector.
Bullish's IPO plans highlight the activation of the cryptocurrency market and increasing interest from institutional investors, potentially signaling a pivotal moment for the crypto industry.
