Bullish will log in to the New York Stock Exchange with a target valuation of $4.82 billion.

robot
Abstract generation in progress

On August 13, 2023, a certain encryption trading platform Bullish will be listed on the New York Stock Exchange, with the stock code BLSH. The company stated in the regulatory documents submitted on August 4 that it will sell 20.3 million shares at a price of $28 to $31 per share, for a total of up to $629.3 million. In addition, the underwriters have a 30-day period from the date of the prospectus release to purchase an additional 3.045 million shares.

On August 11, Bullish expanded its initial public offering (IPO) size, now targeting a valuation of up to $4.82 billion, a significant increase from last week's target of $4.2 billion. The new plan sells 30 million shares at a price of $32 to $33 per share. At the highest price point, Bullish could raise approximately $990 million.

Bullish was launched by a blockchain company in 2020, and BlackRock and Cathie Wood's ARK have expressed plans to purchase $200 million in shares. In terms of assets, Bullish noted in its filing that the company currently holds over $3 billion in liquid assets, including: 24,000 BTC, 12,600 ETH, and $418 million in cash and stablecoins. The company operates a digital asset trading platform and owns the well-known encryption media CoinDesk.

ARK1.45%
BTC2.57%
ETH3.61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
Rekt_Recoveryvip
· 13h ago
copium hitting different rn... been there, lost that
Reply0
SocialAnxietyStakervip
· 18h ago
The valuation is so high, money is really easy to make.
View OriginalReply0
FunGibleTomvip
· 18h ago
Bear Market dares to go public, truly amazing.
View OriginalReply0
OffchainWinnervip
· 18h ago
Wow, the bull run is coming!
View OriginalReply0
DegenWhisperervip
· 18h ago
That's enough, stop speculating on valuations.
View OriginalReply0
GasFeeSobbervip
· 18h ago
The suckers in the crypto world are afraid of being played for suckers.
View OriginalReply0
PermabullPetevip
· 18h ago
Short Position are all temporary, let's get moving!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)