Bullish, who owns the Bullish Exchange Crypto platform, said it plans to raise $ 629 million in the initial public offer (IPO) In the New York Stock Exchange.
The company, who also owns CoinDesk, said it plans to sell 20.3 million ordinary shares at the expected price of $ 28- $ 31 per part according to AN Amended F-1 document Filled with the Securities and Exchange Commission on Monday. It expects to trade under the ticker “Blsh.”
The funds managed by BlackRock and Ark Investment Management have shown interest in buying up to $ 200 million worth of IPO price sharing, according to the amended F-1 document. Underwriter offerings have the option to buy an additional 3.045 million shares, depending on the demand.
Roadshow arrives Sunday after the Cayman Islands-Headquartered Firm that filed the initial The registration of F-1 with the SEC. The company aims to use IPO proceeds for general corporate purposes and future acquisition potential.
Bullish operates an institutional trading platform that provides trading and derivatives as well as liquidity services, according to its filing.
The company provided an estimate of net income between $ 106 million and $ 109 million for the second quarter. In the first quarter, it posted a $ 349 million loss after reporting $ 80 million for all 2024.
