Key notes
- Bullish Exchange filed an IPO of the United States, aimed at nyse’s inscription under the symbol of Ticker BLSH.
- The scholarship said $ 80 million in net profit for 2024, reflecting high performance as part of the recovery of the cryptography market.
- Bullish operates through approved subsidiaries in six regions, with Hong Kong Handling Tech, Custody and Trading Services.
Bullish, an exchange of digital assets based in the Cayman islands, has submitted a public file in the United States. The company is looking for registration on the New York Stock Exchange under the symbol of Ticker BLSH. This will mark its first major step to become a listed company on the stock market.
Bouges bullied to the NYSE list after the deposit of the dry
The main exchange of bullish cryptocurrency submitted its registration to the American Commission for Securities and Exchange when it is preparing to launch a first public offer.
The company, owned by Bulsh Global, wishes to include its ordinary shares on the New York Stock Exchange. The file was made public Friday via an F-1 form, but details such as the number of shares and the price range provided were not included.
According to the update, the company gave firm takers a 30 -day window to buy additional actions if necessary. Jefferies, an American investment bank, has been appointed principal subscriber for the offer.
Bullish announced solid financial results last year, with a net income of around $ 80 million in 2024. However, it started 2025 on a lower note. In the first quarter, the company displayed a net loss of $ 349 million. This represents a significant drop in relation to the benefit of $ 104.8 million he declared in the same quarter of the previous year.
Despite the loss, Bullish has more than $ 1.9 billion in liquid assets. This includes species, bitcoin, stablecoins and other digital currencies. The company declares that it remains in a solid financial situation when it is introduced to the stock market.
It should be noted that this is not the first attempt to make public. He tried to continue a SPAC agreement in 2021, but the plan fell due to difficult market conditions and an increase in interest rates.
Bullish operates in six countries with the approach of the IPO
It should be noted that if its IPO focused on the United States, the bull’s bull has a large international presence. He operates through subsidiaries in Hong Kong, Singapore, the United Kingdom, Germany, Gibraltar and his home in the Cayman Islands.
The Hong Kong Unit of the company plays a key role. It contains licenses which allow it to exchange digital assets under local law. He also manages cybersecurity, childcare and engineering services for the group.
The upgraded to the stock market in the middle of an increasing activity on the cryptography market. Other companies, such as Gemini and Ripple Labs, also envisage public lists. Coinspeaker indicated that Circle, the USDC transmitter, is finally listed on the New York Stock Exchange after a successful IPO.
Meanwhile, Coinspeaker recently reported that the US government had adopted the Act on Engineering, a new law aimed at introducing more explicit rules in the cryptocurrency space. This could open the way for more companies like the uptime to enter the public market.
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
