Bullish Upsizes IPO, Targets $4.82 Billion Valuation
The post Bullish Upsizes IPO, Targets $4.82 Billion Valuation appeared on BitcoinEthereumNews.com. Key Points: The cryptocurrency platform Bullish expands IPO size for increased valuation. This potentially increases market influence significantly. BlackRock and ARK have shown interest in investing. Cryptocurrency exchange Bullish, backed by Peter Thiel, expands its IPO to target 30 million shares at $32–$33 each, aiming for a $4.82 billion valuation. The IPO’s upsizing reflects strong institutional interest, notably from BlackRock and ARK, potentially signaling enhanced confidence in regulated crypto trading as it lists under ‘FLY.’ Bullish Aims for $4.82 Billion Valuation with IPO Expansion Bullish has increased its initial public offering size to reach valuation up to $4.82 billion. This adjustment aims to sell 30 million shares at a price range of $32 to $33 per share. Block.one, the company behind Bullish, launched the platform in 2020. Key investors, including BlackRock and ARK, have shown interest, with plans to purchase $200 million in shares. The company plans to price on Tuesday and begin trading under the ticker “FLY” the following day. The new plan extends the initial target of selling 20.3 million shares at $28 to $31 to now larger share sales. Bullish’s commitment to expanding its regulatory footprint accompanies this updated IPO strategy. No token issuance ties to this offering, aligned with the firm’s goal to bolster its market standing and pursue funding for corporate purposes, which include market expansion. “We’re committed to building a compliant, institutional-grade exchange that brings traditional market standards to digital assets.” — Tom Farley, CEO, Bullish Reactions from the crypto community remain measured, though notable figures such as Tom Farley, CEO of Bullish, highlighted the platform’s commitment to building a compliant, institutional-grade exchange. While no direct comments were found from leading influencers like Arthur Hayes, CZ, or others, the move is precisely timed to suggest institutional platforms realize larger capital markets. Crypto Listing Impacts…
The post Bullish Upsizes IPO, Targets $4.82 Billion Valuation appeared on BitcoinEthereumNews.com.
Key Points: The cryptocurrency platform Bullish expands IPO size for increased valuation. This potentially increases market influence significantly. BlackRock and ARK have shown interest in investing. Cryptocurrency exchange Bullish, backed by Peter Thiel, expands its IPO to target 30 million shares at $32–$33 each, aiming for a $4.82 billion valuation. The IPO’s upsizing reflects strong institutional interest, notably from BlackRock and ARK, potentially signaling enhanced confidence in regulated crypto trading as it lists under ‘FLY.’ Bullish Aims for $4.82 Billion Valuation with IPO Expansion Bullish has increased its initial public offering size to reach valuation up to $4.82 billion. This adjustment aims to sell 30 million shares at a price range of $32 to $33 per share. Block.one, the company behind Bullish, launched the platform in 2020. Key investors, including BlackRock and ARK, have shown interest, with plans to purchase $200 million in shares. The company plans to price on Tuesday and begin trading under the ticker “FLY” the following day. The new plan extends the initial target of selling 20.3 million shares at $28 to $31 to now larger share sales. Bullish’s commitment to expanding its regulatory footprint accompanies this updated IPO strategy. No token issuance ties to this offering, aligned with the firm’s goal to bolster its market standing and pursue funding for corporate purposes, which include market expansion. “We’re committed to building a compliant, institutional-grade exchange that brings traditional market standards to digital assets.” — Tom Farley, CEO, Bullish Reactions from the crypto community remain measured, though notable figures such as Tom Farley, CEO of Bullish, highlighted the platform’s commitment to building a compliant, institutional-grade exchange. While no direct comments were found from leading influencers like Arthur Hayes, CZ, or others, the move is precisely timed to suggest institutional platforms realize larger capital markets. Crypto Listing Impacts…
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