Peter Thiel’s Crypto Exchange Bullish Files for U.S. IPO

Bullish, the Peter Thiel-backed crypto exchange, has confidentially filed for an initial public offering in the United States. The move signals that the company is ready to take another swing at going public after its first attempt, via SPAC, fizzled out during the crypto market’s downturn in 2021. The Bullish IPO is a calculated second.. The post Peter Thiel’s Crypto Exchange Bullish Files for U.S. IPO appeared first on 99Bitcoins.

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Jun 12, 2025 - 09:00

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Peter Thiel’s Crypto Exchange Bullish Files for U.S. IPO

Bullish, the Peter Thiel-backed crypto exchange, has confidentially filed for an initial public offering in the United States. The move signals that the company is ready to take another swing at going public after its first attempt, via SPAC, fizzled out during the crypto market’s downturn in 2021. The Bullish IPO is a calculated second attempt to go public, this time under better market conditions and with less noise.

The filing allows Bullish to test the waters with regulators and investors behind the scenes before putting all its cards on the table.

Why It Matters Now

The timing is no accident. Bitcoin is back above $110,000, crypto stocks are heating up, and U.S. political winds are turning in crypto’s favor. Earlier this month, Circle pulled off a successful IPO, raising over $1 billion. Gemini has also filed confidentially.