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Bullish Upsizes IPO, Now Aiming for $990 Million and Valued at $4.8 Billion

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by Giorgi Kostiuk

an hour ago

The crypto exchange Bullish announced a significant increase in its IPO target to $990 million, leading to an updated valuation of the company at $4.8 billion according to official filings.

Updated IPO Target of Bullish

Bullish has increased its IPO target to $990 million. This change comes with an updated valuation of the company now at $4.8 billion as detailed in the company's official filings.

Support from Peter Thiel

Peter Thiel, the primary investor of the firm, drives the company’s strategic growth. Bullish operates globally, encompassing jurisdictions such as the Cayman Islands and Germany.

Market and Regulatory Aspects

The market anticipates that Bullish’s IPO will significantly impact BTC and ETH trading. Despite a previous net loss of $323.42 million, the company shows potential for robust growth due to its expanded market presence. Regulatory considerations remain crucial, with ongoing SEC compliance processes.

The increase of Bullish's IPO to $990 million with a valuation of $4.8 billion indicates investor confidence in the company's growth, despite previous financial losses.

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