Crypto Exchange Bullish Global plans to sell shares to the public for the first time at a given time in 2025, Bloomberg reported, citing people familiar with the issue.
The company, which owns Coindesk, works with Jefferies Financial Group on potential registration, said Bloomberg.
Discussions on a first public offer (IPO) occur while Bitcoin prices (BTC) and other cryptocurrencies have increased since Donald Trump won the US elections in November. The total cryptography market increased to 3.15 dollars billions against $ 2.2 billions of dollars. On Tuesday, the Tsar of American cryptography David Sacks spoke of a golden age for digital assets.
Directed by CEO Tom Farley, Bullish has more than 275 employees worldwide, including Hong Kong, the United States and Europe. It is a blockchain subsidiary, a blockchain software company led by Brendan Blumer whose donors include Peter Thiel and Richard Li.
Blumer, who is also president of Bullish, launched the company in 2021. Bulsh has around $ 10 billion in digital and cash active workers, according to the report. He had planned to become a public via an acquisition company for special purposes (SPAC) in 2021. The plan was canceled the following year.
Discussions on the IPO is underway, including additional banking partners, said Bloomberg.
Representatives of Bullish and Block. Bloomberg was not answered, and Jefferies refused to comment. An email from Coindesk to Haussier research comments did not receive an answer before the publication.
Correct (February 5, 16:56 UTC): Removes Alan Howard as a block. OON in the fourth paragraph.
