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4d ago

Bullish Expands IPO to 30 Million Shares, Raises Price Range

The amendment reflects surging institutional appetite for crypto platforms, valuing Bullish at around $4.8 billion with more than $1 billion in expected proceeds

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Crypto exchange bullish valued at $13.2 billion after nyse debut, outperforms etoro
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Overview

  • Bullish filed an amended Form F-1 with the SEC to boost its offering from 20.3 million to 30 million ordinary shares and lift its expected price range to $32–$33 per share
  • The exchange is set to begin trading on the New York Stock Exchange under the ticker BLSH on August 13
  • Shares were priced at $37 each, generating approximately $1.11 billion in IPO proceeds
  • Jefferies, JPMorgan and Citigroup are leading the underwriting, with nonbinding interest from BlackRock and ARK Investment Management
  • The move follows a shelved 2022 SPAC deal and taps into a broader crypto market rally and favorable regulatory environment