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CoinDesk owned Bullish Eyes $ 4.2B appreciation of the IPO -Back of Blackrock, Ark

cryptobizinvest.com August 4, 2025

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The cryptocurrency exchange operator and media company Bullish plans to raise between $ 568 million and $ 629 million in an initial public offering in the US (IPO), which gained interest from major institutional investors.

Just a few weeks after that Preliminary Submission of IPOBullish submitted a Updated document F-1 To the US Securities and Exchange Commission (SEC), which outlines plans to issue 20.3 million shares, which potentially appreciate the company up to $ 4.2 billion.

If the IPO is approved, bullish shares may begin to trade early on August 12.

*Form F-1 based on the Cayman Islands Bullish’s Form F-1 among US regulators. Source:* *Sec*

Investment accounts managed by Blackrock and Ark Investment Management subsidiaries have expressed interest in buying up to $ 200 million worth of stock in IPO price, filing the filing.

The company aims to convert a portion of the IPO that continues the US dollar dollar denomination stablecoins, according to the filing.

Bullish operates a digital asset platform that is in line with institutional clients and is available in more than 50 constituents, excluding the US. The company expanded to Crypto media in November 2023 of Getting CoinDesk from Digital Currency Group for $ 72.6 million.

CoinDesk is the world’s second largest crypto media outlet by reading, with the F-1 Bullish F-1 filing an average of 4.9 million unique monthly viewers in 2024.

Crypto’s IPOs on the rise

Bullish is one of many crypto -focused companies pursuing public lists. In July, the digital asset custodian Bitgo filed for a public offering in the USeven if it does not reveal the number of shares or its target appreciation.

Last week, Cointelegraph reported Crypto exchange Kraken is planning to raise $ 500 million through an IPO that can appreciate the company to nearly $ 15 billion, which is higher than the previous appreciation of more than $ 11 billion.

Similar reports suggest that Crypto exchange okx Also preparing for a US IPO after reinstating its services to the country.

One of the most successful sacrifices of this year’s crypto stock came from the Stablecoin Issuer Circle, which added billions -billion to its market cap following the launch of CRCl shares. Before going to the public, The circle raised its target IPO to nearly $ 900 million amid strong institutional demand.

*More clarity of regulation and the continued financial of crypto as an asset class has prepared the way for widespread institutional and corporate adoption. Source:* *Cointelegraph*

The recent climbing of crypto IPO activity is at the forefront of significant regulatory development in the United States and the growing adoption of the institution of digital properties.

Last month, US president Donald Trump Signed the Genius Acta major piece of Stablecoin law, in law. Meanwhile.

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