Bullish, the owner of the Bullish Exchange Crypto platform said it is planning to travel as much as $ 629 million in its original public offer (IPO) At the New York Stock Exchange.
The company, which also owns Coindesk, said it plans to sell 20.3 million regular shares at an expected price of $ 28- $ 31 per year. It expects to act under the ticker “BLSH.”
Funds managed by BlackRock and Ark Investment Management have shown interest in buying up to $ 200 million values of shares at the IPO, according to the changed F-1 document. The offer’s insurance companies have the opportunity to buy an additional 3,045 million shares, depending on the demand.
Roadshow comes weeks after the Cayman Islands headquarters filed his first F-1 registration at SEC. The company aims to use the IPO income for general business purposes and potential future acquisitions.
Bullish runs an institutional trading platform that delivers spot and derivatives that act as well as liquidity services according to its archiving.
The company delivered a net income estimate of between $ 106 million and $ 109 million for the second quarter. In the first quarter, it released a loss of $ 349 million after reporting $ 80 million profits for all 2024.
