Bullish Crypto Exchange Upsizes IPO to Nearly $5 Billion Valuation

Bullish is going bigger than expected. The crypto exchange, backed by Peter Thiel and the owner of CoinDesk, has increased the size of its IPO to $990 million. The company is now offering 30 million shares priced between $32 and $33, pushing its projected valuation close to $4.8 billion. Just last week, the goal was.. The post Bullish Crypto Exchange Upsizes IPO to Nearly $5 Billion Valuation appeared first on 99Bitcoins.

crypto

Aug 13, 2025 - 11:00

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Bullish Crypto Exchange Upsizes IPO to Nearly $5 Billion Valuation

Bullish is going bigger than expected. The crypto exchange, backed by Peter Thiel and the owner of CoinDesk, has increased the size of its IPO to $990 million. The company is now offering 30 million shares priced between $32 and $33, pushing its projected valuation close to $4.8 billion. Just last week, the goal was $4.2 billion. The Bullish IPO is one of the largest public offerings in crypto since Circle’s debut earlier this year.

BlackRock and ARK Want In

The bigger raise isn’t happening in a vacuum. Major investors like BlackRock and ARK Invest are reportedly taking part, showing that there is real institutional interest in Bullish’s debut. JPMorgan, Citigroup, and Jefferies are running point on the deal, and the company plans to list on the NYSE under the ticker BLSH.