Bullish Confidential files for us IPO as the popularity of digital assets mount: ft
The Crypto Exchange Bullish is confidently filed for an initial public offering in the US, the Financial periods reported Wednesday, citing people familiar with the situation.
The company aims to capitalize the revised enthusiasm for digital assets driven by pro-crypto policy signals from the Trump administration and following the IPO last week by the Stablecoin Issuer Circle (CRCL), which is the Shares 168% On the first day of trading.
FT is not distinguished between the bullish exchange and its parents, the bullish group, the company supported by Peter Thiel who is also the parent of CoinDesk.
Confidential filing with the Securities and Exchange Commission gives bullish to prepare for a public list while maintaining privately financial details today. The Jefferies will serve as the lead underwriter, according to the financial times.
Bullish had earlier attempted to go public in a spac deal in 2021. The plan collapsed The next year in the midst of volatility in the market. The bullish exchange is a gibraltar regulated trading platform.
At this time, the IPO filing comes from the Bitcoin trade around $ 110,000 and the crypto sentiment reinforces amid the desirable regulation of regulations following the election of US President Donald Trump.
The group was led by CEO Tom Farley, a former NYSE group president, and led by Brendan Blumer of Block.One. Thiel is a co-founder of Paypal (PYPL) and an early investor on Facebook, now Meta (Meta).
Jefferies refused to comment on FT. Bullish did not respond to FT and did not respond to a CoinDesk request for comment by the time of publication.
Read more: Bullish Global weighs IPO early this year in the midst of Crypto market optimism: Bloomberg
