Aggressive Company Announces Filing for Initial Public Offering on the New York Stock Exchange
Bullish Announces Proposed Initial Public Offering on NYSE
Bullish, a global digital asset platform, has announced a proposed initial public offering (IPO) of its ordinary shares. The company, incubated by blockchain firm Block.one, aims to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol "BLSH."
The IPO will take place on traditional equity markets, with Bullish filing a Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC). The offering is backed by notable investors such as Peter Thiel's Founders Fund, Nomura, and Mike Novogratz.
Bullish's focus is on providing market infrastructure and information services. The company encompasses CoinDesk Indices, CoinDesk Data, and CoinDesk Insights, including the crypto news platform Coindesk.com. It also operates a regulated digital assets spot and derivatives exchange (Bullish Exchange), which ranks among the top global exchanges for spot Bitcoin and Ethereum trading.
In Q1 2025, Bullish Exchange's average daily trading volume exceeded $2.5 billion. As of March 31, 2025, the exchange has processed over $1.25 trillion in total trading volume since its launch.
The financial institutions acting as book-running managers for the planned IPO include J.P. Morgan and Jefferies as lead book-running managers, with Citigroup also joining as a joint bookrunner. Additionally, Deutsche Bank Securities and Societe Generale are involved.
The trend of crypto companies seeking public listings is evident in 2025, with Bullish's IPO following this stock market trend. The completion of the IPO is subject to market conditions and regulatory effectiveness of the registration statement.
The acquisition of CoinDesk in 2023 expanded Bullish's footprint in the digital asset information and media landscape. Bullish aims to bridge the gap between traditional finance and the digital asset ecosystem. The evolving regulatory clarity and increased institutional adoption in the digital asset stock market today are attributed to this trend.
The announcement was made on Saturday, marking a significant milestone for Bullish and the digital asset industry as a whole. The IPO is expected to provide further investment opportunities and strengthen the company's position in the stock market.
Read also:
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
