Reported about 11 hours ago
Bullish, a cryptocurrency exchange supported by Peter Thiel, aims for a valuation of up to $4.82 billion as it upsizes its IPO, demonstrating continued investor interest in digital assets. The exchange plans to raise up to $990 million by selling 30 million shares priced between $32 and $33 each, reflecting the growing role of crypto companies in the IPO market. Amid favorable regulatory developments under the Trump administration, Bullish anticipates converting a significant portion of its IPO proceeds into stablecoins. The IPO pricing is scheduled for Tuesday, with trading expected to start on the NYSE under the ticker "FLY".
Source: YAHOO