Bullish to raise $ 629 million via the IPO to $ 4.2 billion in evaluation

Bullish, a cryptographic platform supported by billionaire Peter Thiel, seeks to collect up to $ 629 million thanks to a first public offer (IPO).

In a F-1 update With the US Securities and Exchange Commission (SEC), the Crypto exchange operator and the Coindesk owner described the emission plans of 20.3 million shares at a price between $ 28.00 and $ 31.00.

This would value the bullish at $ 4.2 billion. If they are approved, the actions of the company could start to negotiate on August 12.

Blackrock and Ark Invest have indicated interest in Haussiers actions

According to the file, the main financial institutions have already indicated interest for upward actions.

Among these institutions are investment accounts managed by subsidiaries of the asset management giant, BlackRock, and the asset manager led by Cathie Wood, Ark Invest. These accounts have reported their intention to buy up to $ 200 million in upward shares at the price of the IPO.

Bullish, an exchange of cryptocurrency filed an IPO on the NYSE under the Ticker $ BLSH

Here is a thread with key details on the next IPO.

🧵 👇 pic.twitter.com/xy2sjjrd7a

– John Muchow, MSCS (@johnmuchow) August 4, 2025

Certain profits will be converted into stablescoins denominated into US dollars, depending on the file.

Several crypto companies pursue public lists

Bullish is the last in a series of cryptographic companies continuing public announcements and follows the successful public debut of the USD Coin (USDC), Circle issuer. Shortly after registration, the company’s shares increased 500% at a given time. He has since fallen, but is always more than 138% of his beginnings, data Yahoo finance shows.

Grayscale Investments, responsible for assets focused on crypto, has also jumped on the trend with its own confidential recording declaration project, while Crypto Exchange Kraken plans an IPO in 2026 to an evaluation of $ 15 billion. Bitgo also made a public public call in July, but did not disclose the number of actions or its targeted evaluation.

There is also reports This OKX is considering its own IPO after having resumed operations in the United States in April of this year.

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