Bullish Increases IPO Size to $990 Million, Targets $4.8 Billion Valuation
Crypto exchange Bullish has increased its IPO size to $990 million from $629 million, targeting a valuation of $4.8 billion. Key details include:
- 30 million shares priced at $32 to $33 each.
- Previous plan was for 20.3 million shares at $28 to $31 each.
- Increased interest in the crypto IPO market due to favorable regulatory conditions and rising cryptocurrency prices.
- BlackRock and Ark Investment Management are interested in purchasing $200 million worth of shares.
- Projected net income of $106 million to $109 million for Q2.
Bullish will trade under the ticker “BLSH.”