BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Bullish Aims for $4.2B Valuation With New U.S. IPO Filing
Bullish Aims for $4.2B Valuation With New U.S. IPO Filing
8
1
BTCCSquare news:
Bullish, the cryptocurrency exchange backed by Peter Thiel, has filed for a U.S. IPO with a targeted valuation of up to $4.23 billion. The company plans to sell 20 million shares priced between $28 and $31, potentially raising $629 million before expenses. This marks Bullish's second attempt to go public after a failed SPAC merger in 2022 that sought a $9 billion valuation.
Notably, Bullish disclosed plans to convert a portion of IPO proceeds into dollar-pegged stablecoins, signaling a strategic embrace of digital cash equivalents. The MOVE reflects growing institutional acceptance of crypto-native treasury management strategies.
By:
Previous
8 Proven Strategies for a Bulletproof Balanced Fund Portfolio
Next
Trump Tariffs on India Strain Trade Relations, Cloud Crypto Outlook
